New Delhi: The Prime Minister’s Office (PMO) has reportedly initiated discussions on developing home-grown consulting firms capable of competing with global heavyweights or ‘Big Four’ such as Deloitte, PwC, EY and KPMG.
According to several reports, a high-level meeting convened on 5 June was chaired by Shaktikanta Das, former RBI Governor and current Principal Secretary to the PM, to explore strategic roadmaps for nurturing Indian consulting majors with global influence.
It was stated that Sanjeev Sanyal, member of the Economic Advisory Council to the Prime Minister (EAC-PM), led a detailed presentation assessing the feasibility of creating globally competitive Indian advisory firms.
Reportedly, the idea is to lay the groundwork for a strategic roadmap that would reduce the government and private sector’s overdependence on foreign consulting firms, particularly in key domains such as taxation, digital transformation, and infrastructure planning.
The initiative, reportedly, could prompt broader deliberations across ministries to identify policy interventions, including potential incentives or regulatory reforms, to help the homegrown firms scale and build domain expertise.
It is understood that by encouraging the rise of Indian consulting firms with both scale and global credibility, the government aims to foster a more balanced ecosystem, one that can support domestic goals while also positioning India as an exporter of high-end professional services.
Policy measures discussed may include capacity building, fostering R&D in advisory practices and public-private partnerships to support the knowledge economy.
However, this effort, led by the PMO, is expected to serve as a starting point for concrete steps toward building Indian champions in the consulting space, reinforcing India’s vision of becoming a global hub for innovation-led services.
