Jai Siya Ram http://www.fxlive.in/ "Article - PMO’s proposal for “India’s Own Big 4” to rival firms like Deloitte, EY, KPMG, and PwC" What is Being Proposed The Prime Minister’s Office (PMO) has scheduled a meeting for 23 September 2025 to discuss regulatory reforms aimed at helping domestic audit and consulting firms grow to compete globally. Key Ministries involved: Corporate Affairs, Finance. The meeting will be chaired by Principal Secretary to the PM, Shaktikanta Das. The idea is to facilitate homegrown advisory / audit / consulting firms to scale up, compete with global Big 4, reduce excessive dependence on foreign firms, and build Indian “champions” in this sector. Why Now — Background & Motivation The Big Four’s Indian arms are already growing fast. In FY24, the Indian affiliates of Deloitte, PwC, EY, KPMG earned ~ ₹38,500–₹38,800 crore combined. They are expected to exceed ₹45,000 crore by FY25. Much of that growth is driven by consulting, government cont...
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