Indians are backbone of Rs 24200000000000 industry, dominate McKinsey, BCG, Big Four, still why is there no ‘Make in India' brand, reveals top economist…
The global consulting industry is valued at around $280 billion (around Rs 24.2 lakh crore), and it has many Indian professionals. Still, India has not been able to establish even a single major 'Make in India' consulting brand. This contradiction was discussed by Sanjeev Sanyal, a member of the Prime Minister's Economic Advisory Council. Thousands of Indian consultants play important roles in strategy and operations at global firms like McKinsey, BCG, and the Big Four, India's own share is only $1.09 billion.
Sanyal stated that Indian talent is dominant across the global consulting sector, but Indian professionals are not running equivalent firms of their own.Indian professionals are the backbone of this Rs 24.2 lakh crore global industry, yet no Indian consulting brand has left a strong mark internationally. Why Are There No Top Indian Brands?
Indians have skills and best human resources still it has fallen short in building strong domestic brands with global visibility.
Sanyal highlighted major barriers that prevent Indian firms from becoming global players. These include: Biased tender criteria
Lack of recognition for prior experience
Segregation between different professional domains
Branding restrictions
Missed global opportunities
One hurdle is the high revenue threshold (Rs 500 crore or more) set for government and private sector contracts. This disqualifies newer or emerging Indian consulting firms from competing for major projects, giving established global players who already meet these thresholds an unfair advantage. As a result, Indian firms miss out on critical experience and credibility-building opportunities.
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