- India’s top accounting firms
- PMO meeting on domestic firms
- Global giants reduction
- Indian BIG FOUR firms
- Sept 23 discussion on firms
BIG BREAKING
PMO to hold a KEY meeting on Sept 23 to discuss creating India’s own ‘BIG FOUR’ domestic accounting firms
— Aim: Reduce dependence on global giants
— Megh Updates (@MeghUpdates) September 20, 2025
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The Prime Minister’s Office (PMO) is set to hold a crucial meeting on September 23 to discuss the creation of India’s own ‘BIG FOUR’ domestic accounting firms. The aim of this initiative is to reduce the country’s dependence on global giants in the accounting industry. This move comes as part of the government’s efforts to promote self-reliance and strengthen the Indian economy.
The idea of establishing India’s own ‘BIG FOUR’ accounting firms is a significant step towards achieving greater autonomy and control over the financial sector. Currently, the ‘BIG FOUR’ accounting firms – Deloitte, PwC, EY, and KPMG – dominate the global accounting market, including in India. By creating domestic firms that can rival these international giants, India hopes to enhance its own accounting capabilities and reduce reliance on foreign companies.
The meeting on September 23 will likely address key aspects of this initiative, such as the criteria for selecting and supporting the new domestic accounting firms, the regulatory framework that will govern their operations, and the timeline for their establishment. It is expected that government officials, industry experts, and representatives from the accounting sector will participate in the meeting to provide valuable insights and recommendations.
The decision to focus on creating India’s own ‘BIG FOUR’ accounting firms reflects the government’s commitment to promoting indigenous businesses and fostering economic growth. By supporting the development of strong domestic players in the accounting industry, India can ensure greater control over its financial data and reduce the risk of external interference or influence.
In addition to enhancing India’s financial independence, the establishment of domestic ‘BIG FOUR’ accounting firms could also lead to job creation, skill development, and increased competition in the sector. By encouraging the growth of homegrown talent and expertise, India can strengthen its position in the global accounting market and attract more foreign investments and partnerships.
Overall, the PMO’s decision to hold a meeting on September 23 to discuss the creation of India’s own ‘BIG FOUR’ accounting firms is a significant development that underscores the government’s commitment to promoting self-reliance and strengthening the country’s economic resilience. As India continues to strive for greater autonomy and control in various sectors, initiatives like this one will play a crucial role in shaping the future of the economy and ensuring sustainable growth for years to come.
BIG BREAKING
PMO to hold a KEY meeting on Sept 23 to discuss creating India’s own ‘BIG FOUR’ domestic accounting firms
— Aim: Reduce dependence on global giants
— Megh Updates (@MeghUpdates) September 20, 2025
In a significant development, the Prime Minister’s Office (PMO) is set to convene a crucial meeting on September 23 to deliberate on the establishment of India’s very own ‘BIG FOUR’ domestic accounting firms. This move aims to lessen the country’s reliance on global giants and bolster the indigenous accounting industry. The initiative underscores the government’s commitment to promoting homegrown talent and fostering self-sufficiency in critical sectors.
### Why is this Meeting Important?
The decision to explore the creation of Indian equivalents to the renowned ‘Big Four’ accounting firms – Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG – is a strategic move aimed at enhancing the domestic accounting landscape. By reducing dependence on international firms, India can strengthen its own accounting ecosystem, nurture local expertise, and create opportunities for homegrown talent to flourish.
### The Significance of Reducing Dependence on Global Giants
Reducing dependence on global giants in the accounting sector holds immense strategic importance for India. By fostering the growth of domestic accounting firms, the country can safeguard its economic interests, ensure greater control over financial data, and enhance the regulatory framework governing the sector. This shift towards self-reliance aligns with the government’s vision of promoting ‘Make in India’ and building a robust ecosystem for indigenous businesses to thrive.
### The Potential Impact on the Accounting Industry
The establishment of India’s own ‘BIG FOUR’ accounting firms has the potential to transform the accounting industry in the country. By nurturing local talent, fostering innovation, and promoting ethical practices, these homegrown firms can set new benchmarks for excellence in the sector. This initiative is expected to create a conducive environment for budding accountants, auditors, and financial experts to showcase their skills on a global stage.
### Addressing Challenges and Seizing Opportunities
While the road ahead may pose challenges, such as intense competition and regulatory hurdles, the potential benefits far outweigh the risks. By tapping into the vast pool of talent available in India, fostering collaboration between industry stakeholders, and leveraging technological advancements, the country can position itself as a hub for cutting-edge accounting services. This meeting on September 23 will be a critical step towards realizing this vision and shaping the future of the accounting industry in India.
### Conclusion
In conclusion, the upcoming meeting by the PMO to discuss the creation of India’s own ‘BIG FOUR’ domestic accounting firms marks a pivotal moment in the country’s quest for self-reliance and excellence in the accounting sector. By reducing dependence on global giants and fostering the growth of indigenous firms, India can chart a new course towards economic empowerment, innovation, and sustainable development. This bold initiative underscores the government’s commitment to nurturing local talent, promoting ethical practices, and building a strong foundation for the future of the accounting industry in India.
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