GST & Tax Alerts
GST & Tax Alerts
June 12, 2025 at 01:40 PM
🇮🇳 India’s Own Big 4 ❓ A Game-Changer for CA, CS, and Advisory Professionals 💼✨ 🧠: The PMO just held a high-level meeting to create India’s own version of the Big 4 — EY, KPMG, Deloitte, PwC. 👉 Objective? Build world-class Indian advisory firms that can compete globally. 💥 This could completely change the way India does business — both domestically and internationally. 🧾 Why This Is a BIG Deal 👇 1️⃣ India = Talent Powerhouse 🔹 Most of the top global firms are already filled with Indian CAs & accountants. 🔹 Indian professionals are trusted globally for their technical skills, ethics, and hard work. 🔹 So why not have Indian firms lead globally instead of working under foreign logos? 2️⃣ We Rely Too Much on Foreign Firms 🔸 Big 4 handle ~67% of India Inc.’s audits (FY25). 🔸 Indian companies are heavily dependent on foreign firms for audit & advisory. 🔸 This restricts our strategic autonomy in financial decision-making. 💥 We need Indian champions to lead the game! 3️⃣ Global Recognition Needs Global Scale 🌍 If Indian CA firms want to go global: ▪️ They need to do joint ventures abroad ▪️ Follow foreign regulations ▪️ Compete with mega-sized players But right now, Indian rules don’t allow many such tie-ups. ⚠️ It’s time to change that! 4️⃣ India’s Time is NOW 🚀 🔺 Indian startups are going global 🔺 Indian MNCs are expanding abroad 🔺 Indian economy is growing fast 👉 Who will manage this complex growth? 👉 Who will advise these companies? ✅ Answer: Indian CA, CS & Finance Professionals. 5️⃣ It’s Not Just About Tax Saving Anymore 😬 Gone are the days when CA = “Audit + Tax saving for individuals”. Now: 📊 CAs are leading corporate governance 📈 Handling IPOs, M&As 💰 Managing global capital flow 🤝 Advising unicorns & listed firms ➡️ The profession has evolved, and so should our ambition. 6️⃣ Time to Build Indian Giants 🏢🇮🇳 We need firms that can: ✔️ Offer Audit + Advisory + Risk + Strategy ✔️ Employ 10,000s of professionals ✔️ Build careers for Indian CA/CS at home ✔️ Represent India in Fortune 500 boardrooms 💥 Think McKinsey, Deloitte, PwC – but Indian! 7️⃣ Govt + ICAI + Professionals = 🔐 ✅ Government is finally showing vision + intent ✅ ICAI is revising foreign network guidelines ✅ CAs & CSs from Tier-2, Tier-3 cities must dream bigger Let’s build global brands, not just small tax firms. This isn’t just about “creating Big 4”. This is about creating a financial legacy for Bharat — driven by knowledge, ethics, and global vision. 📢 It’s time Indian finance professionals stop playing supporting roles in global firms… 🔥 and start leading the show under our own flag!
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