-
Business Consulting
Our business consulting specialists offer a comprehensive blend of strategic advisory services. We assess the business, industry, operating model, synergy, skill sets and vision of the organisation and recommend the way forward
-
Digital Transformation Services
Grant Thornton’s digital transformation services help traditional businesses digitalise their business models with cloud technology, IoT consulting, app development and more DigiTech solutions.
-
Human Capital Consulting
Our Human Capital Consulting team harnesses technology and industry expertise to assist in constructing adaptable organisations with transparency, fostering productive and value-driven workforces, and inspiring employees to engage meaningfully in their tasks.
-
Production Linked Incentive Scheme
Production-linked Incentive Scheme by the Indian government is aimed at boosting manufacturing. Grant Thornton Bharat offers varied services across sectors to help businesses avail of this scheme.
-
Public Sector Advisory
Our Public Sector Advisory team has focused streams, aligned with the core priorities of the Government of India. We are responsible for providing innovative and customized technical and managerial solutions.
-
Tech Advisory
We have amalgamated Digital Transformation, IT Advisory & Information Management and Analytics into a new offering, DigiTech.
-
Direct Tax services
Our tax specialists offer a comprehensive blend of tax services, tax litigation, regulatory and compliance services, helping you navigate through complex business matters.
-
Indirect Tax Services
Get tax services by leading tax firm Grant Thornton India. Our indirect tax services include consulting, compliance and litigation services for corporate, international and transaction tax
-
Transfer pricing services
Our transfer pricing services experts provide a range of services from provision of APA services to handling large global assignments including Country by Country reporting.
-
US Tax
At Grant Thornton, we help individuals and dynamic companies deal with US tax laws, which are one of the most complicated tax legislations across the world.
-
Financial Services - Tax
Best financial advisory services, tailored for small and large businesses by the experts having comprehensive knowledge of domestic laws and access to multifaceted tools to provide a valuable results.
-
Financial Reporting consulting services
Our experts have significant hands-on experience in providing IFRS/US GAAP services, end-to-end solutions and support services to fulfil financial reporting requirements.
-
Fund accounting and financial reporting
International operations often lack standardisation and have varied local reporting formats and requirements. Our experts can offer proactive insights, practical guidance, and positive progress and help meet regulatory timeframes.
-
Compliance and Secretarial Services
Our experts can assist in overhauling the entire compliance machinery of the organisation through evaluation of the applicable statutory obligations, monitoring of adequate governance controls, reporting and providing ongoing support.
-
Global People Solutions
As businesses transcend borders, both domestic and global considerations need equal attention. Our interim CFO and financial controller support services help organisations meet the business vision.
-
Finance and accounting outsourcing
Our accounting experts assist organisations in managing their accounting and reporting. Our dedicated Integrated Knowledge and Capability Centre (IKCC), allows us to service both the domestic and global markets efficiently and cost-effectively
-
Compliance Management System
We have automation solutions for you that will allow meeting government requirements and remain diligent, which when failed, can lead to penalties and loss in revenue.
-
IKCC: Grant Thornton's Shared Service Centre
The India Knowledge and Capability Centre (IKCC), aimed at delivering solutions by developing capabilities, has completed four years of its journey.
-
Global compliance and reporting solutions
At Grant Thornton Bharat, we meet the challenges of our clients and help them unlock their potential for growth. Our professionals offer solutions tailored to meet our clients’ global accounting and statutory reporting requirements. With first-hand experience of local reporting requirements in more than 145+ locations worldwide, we provide seamless and consistent international service delivery through a single point of contact.
-
Related Party Transactions Governance
Grant Thornton Bharat's comprehensive related-party transaction services ensure good governance by adhering to regulatory requirements, promoting transparency, and providing robust policies for compliance, documentation, and accountability in related-party transactions.
-
Private Client Services
Grant Thornton Bharat Private Client Services offers tailored advisory for family-owned businesses, focusing on governance, compliance, tax, succession planning, and family office structuring to sustain wealth and preserve legacies across generations.
-
GTMitra: Tax & Regulatory Tool
GTMitra, a specialised tax and regulatory tool by Grant Thornton Bharat, supports multinational businesses in understanding laws and regulations for effective growth strategies.
-
Labour codes
Labour codes solutions help you transition through the new legislation. At Grant Thornton, we help businesses divide their approach to make sure a smooth transition.
-
Alerts
At Grant Thornton India, with the help of our tax alerts, we help to provide updates on how to minimise your tax exposure and risks.
![554x544px Website Photographs 653](/globalassets/1.-member-firms/india/assets/pdf-images/554x544px/photograph/554x544px_website_photographs_653.jpg)
-
Cyber
In today’s time, businesses have gone through large transformation initiatives such as adoption of digital technologies, transition to cloud, use of advanced technologies et al.
-
Governance, Risk & Operations
Our Governance, Risk and Operations (GRO) services encompass Internal Audit, Enterprise Risk Management, Internal Financial Controls, IT advisory, Standard Operating Procedures and other services.
-
Risk analytics
Grant Thornton Bharat’s CLEARR Insights is a state-of-the art data analytics platform that will help you in seamless data analysis and efficient decision-making.
-
Forensic & Investigation Services
The team of forensic advisory services experts consists of the best intelligence corporate experts, and fraud risk, computer forensic experts to deliver most effective solutions to dynamic Indian businesses.
-
ESG consulting
Grant Thornton Bharat offers holistic ESG consulting solutions for sustainable business outcomes. With industry expertise and AI technology, we drive long-term value.
![554x544px_Website_Photographs_641.jpg](/globalassets/1.-member-firms/india/assets/pdf-images/554x544px/photograph/554x544px_website_photographs_641.jpg)
-
Transaction Tax Services
Our transaction tax experts understand your business, anticipate your needs and come up with robust tax solutions that help you achieve business objectives ensuring compliance and efficiency
-
Deal Advisory
Unlike other M&A advisory firm in India, we offer deal advisory services and work exclusively with controlled and well-designed strategies to help businesses grow, expand and create value.
-
Due Diligence
Grant Thornton’s financial due diligence services are aimed at corporate looking for mergers and acquisitions, private equity firms evaluating investments and businesses/promoters considering sale/divestment.
-
Valuations
As one of the leading valuation consultants in India, Grant Thornton specializes in all the aspects of the process like business valuation services, financial reporting, tax issues, etc.
-
Overseas Listing
Overseas listing presents a perfect platform for mid-sized Indian companies with global ambitions. Grant Thornton’s team of experts in listings, work closely with clients during all stages.
-
Debt & Special Situations Solutions
Grant Thornton Bharat offers specialist debt and special situations consulting services, including restructuring, insolvency, and asset tracing solutions.
-
Financial Reporting Advisory Services
Grant Thornton Bharat Financial Reporting Advisory Services offer end-to-end solutions for complex financial requirements, including GAAP conversions, IPO support, and hedge accounting advisory, ensuring accurate financial reporting and compliance.
-
Financial Statement Audit and Attestation Services
Grant Thornton Bharat offers customised financial statement audit and attestation services, ensuring impeccable quality and compliance with global standards. Our partner-led approach, technical expertise, and market credibility ensure effective solutions for your business needs.
![Monthly GAAP Bulletin – August 2022](/globalassets/1.-member-firms/india/assets/pdf-images/554x544px/photograph/554x544px_website_photograph_358.jpg)
- Agriculture
- Asset management
- Automotive and EV
- Aviation
- Banking
- Education and ed-tech
- Energy & Renewables
- Engineering & industrial products
- FinTech
- FMCG & consumer goods
- Food processing
- Gaming
- Healthcare
- Urban infrastructure
- Insurance
- Media
- Medical devices
- Metals & Mining
- NBFC
- Pharma, bio tech & life sciences
- Real estate and REITs
- Retail & E-commerce
- Specialty chemicals
- Sports
- Technology
- Telecom
- Transportation & logistics
- Tourism & hospitality
-
Article Agriculture and Budget: Immediate compulsions and long-term visionGovernment focuses on sustainable agriculture, digital infrastructure, and market intelligence to enhance productivity and global competitiveness in agriculture.
-
Media article Union Budget 2024 expectations: Building resilience for consumer industryUnion Budget 2024 expectations: Building resilience for consumer industry
-
Thought Leadership Grain to gain: Impact of corn on India’s biofuel revolutionExplore Grant Thornton insights on unlocking India’s Energy Potential on Corn-Based Ethanol as a sustainable fuel solution.
-
Case study Transforming agriculture: The rise of Drone DidisDiscover how Grant Thornton Bharat's Drone Didis initiative empowers rural women and transforms agriculture with drone technology. Learn more about this success.
-
India-UK
India-UK
![insight featured image](/globalassets/1.-member-firms/india/new-homepage/media/1.-hero-banners_repeat-visits/1440x600px_hero_banner_adobestock_473117928.jpg)
India’s technology, GCC (global capability centers) and start-up landscape continues its growth trajectory to become one of the leading global hubs for innovation and a digital powerhouse for the world. The Government’s Budget is focused on creating a supportive environment for the tech sector and boosting investor confidence, which is directionally very positive.
With macro-economic headwinds, AI disruption and the slowing growth of Indian tech players, the tech sector is at a pivotal juncture today.
According to the industry, the tech sector contributes over USD 250 billion in revenues and employs over 5 million people, with talent and skilling as key growth drivers. The economic survey highlighted the growth seen in GCCs, generating USD 46 billion in 2023 and projected to reach USD 121 billion by 2030, further emphasising the importance of talent and skilling.
The budget squarely addresses the need for job creation and skilling, which is much needed and a progressive step. It also highlights the Government’s focus on building digital public infrastructure (DPI) at scale for better governance and public benefit.
The Budget also mentions about focus on innovation, R&D and plan to operationalise the Anusandhan National Research Fund for basic research and prototype development. Further, to increase private sector-driven research and innovation at commercial scale with a financing pool of INR 1 lakh crore, in line with the announcement in the interim budget.
There have been a series of positive announcements that will boost the technology sector, creating new avenues for start-ups and tech businesses to thrive.
Focus on digital public infrastructure and grow at scale
Firstly, continued focus on tech adoption to strengthen country’s digital public infrastructure (DPI) will further drive digitalisation and empowers the economy. The call for private sector scale-up in DPI applications promises a surge in productivity and innovation, offering a significant lift to technology start-ups and tech firms.
For example, India’s DPI initiative in agriculture is set to be a cornerstone for the sector’s transformation. The government’s 3-year mission to digitise 6 crore farmers and their lands, alongside a comprehensive Kharif crop survey and Kisan Credit Card expansion, will not only enhance farming efficiency but also be a catalyst for AgriTech start-ups, paving way for groundbreaking solutions in farming, driven by data accessibility and bolstered by government support.
Boost to space start-ups
Secondly, the launch of INR 1,000 Cr venture capital fund aimed to boost the space economy represents a pivotal opportunity for spacetech start-ups. This strategic investment, aligned with the government’s prioritisation of innovation, research and development as one of the nine focus areas, will provide the necessary upthrust to spacetech start-ups, enabling them to scale and commercialise their innovation that requires a lot of capital. The segment has witnessed traction with space start-ups increasing from 1 in 2014 to nearly 200 in 2024.
Skilling and job creation
The Economic Survey covers the potential impact of Gen AI on job disruption especially BPO sector and calls for a mindful implementation of AI along with job creation.
The Government’s focus on education and skilling initiatives with its five dedicated schemes, is a transformative move for India’s youth. With a Rs 2 lakh crore allocation, these initiatives aim to skill and create opportunities for 4.1 crore young individuals over a period of five years. For the tech industry, amidst AI advancements, these schemes are crucial for developing new-age skills like AI and cloud computing, ensuring the Indian tech workforce remains at the forefront of global innovation.
Unlocking the opportunity in electronics manufacturing
Fourthly, the government’s proposal to waive customs duties on 25 critical minerals aims to empower essential sectors such as space, defence, telecommunications, and high-tech electronics. This exemption is designed to stimulate the mineral processing industry, ensuring a steady supply for essential sectors, and enhancing India’s domestic manufacturing depth and competitive edge in exports. Furthermore, increased BCD (basic customs duty) on Printed Circuit Board Assembly (PCBA) for telecom equipment while reducing BCD on mobile phones, accessories, and chargers can be seen as a positive step towards encouraging domestic manufacturing.
Angel tax abolished
Lastly, the abolition of the angel tax is a pivotal move for India’s thriving start-up ecosystem, currently the third largest globally. This elimination removes a bottleneck, paving the way for a surge in startups in the coming years. It will further boost funding opportunities, rejuvenate investor confidence, and attract more investors.
In addition, proposal to repeal 2% equalisation levy, effective from 1 August 2024 will simplify the tax landscape, enhancing ease of doing business in India.
Other key enablers, such as allocation of INR 551 Cr towards “India AI mission”, efforts in data governance and data management by utilisation of sector databases and tech tools under Digital India Mission and establishment of integrated technology platform for Insolvency & Bankruptcy Code (IBC) ecosystem are some of the other good moves.
Direct overseas listing is a miss. This could have provided an alternative for Indian start-ups to tap overseas capital markets especially hi-tech and DeepTech start-ups. Also, one would have liked mention around governance and regulations around AI, cyber focus, etc. which I am sure would be covered soon.
Overall, the budget sets out a robust platform and pathway for the tech sector and provides strong impetus to make India digital, tech, AI and electronics powerhouse of the world.