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India plans to boost local accounting firms to compete globally and reduce reliance on foreign consultants.
India's Prime Minister's Office is holding a meeting to discuss fostering homegrown accounting and advisory firms to compete with global giants like Deloitte, PwC, EY, and KPMG.
The government aims to introduce regulatory changes and incentives to build Indian firms with global capabilities, reducing reliance on foreign consultants and retaining local talent.
The Indian arms of the 'Big 4' firms have seen significant growth, with combined revenues of ₹38,800 crore in the last fiscal year, projected to exceed ₹45,000 crore in the current year.
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La India planea impulsar a las firmas de contabilidad locales para competir a nivel mundial y reducir la dependencia de consultores extranjeros.