ENA Economy 2025-10-01 18:39:41 <p><span style="font-size:14px"><strong>New Delhi, Oct 1 (KNN)</strong> Indias $10 billion consulting industry is witnessing a major shift as homegrown firms increasingly challenge global giants. </span></p> <p><span style="font-size:14px">Traditionally dominated by multinational consultancies, the sector is seeing rapid growth of Indian players who combine local expertise with competitive pricing, making them an attractive choice for domestic clients.</span></p> <p><span style="font-size:14px">These local consultancies are reshaping the market by focusing on India-specific needs such as regulatory frameworks, cultural factors, infrastructure gaps, and evolving business models. </span></p> <p><span style="font-size:14px">With leaner structures and lower overhead costs, they can deliver customised solutions at affordable rates without compromising on quality. </span></p> <p><span style="font-size:14px">This agility gives them an advantage in mid-scale projects where clients prefer practical, faster, and cost-efficient results over brand prestige.</span></p> <p><span style="font-size:14px">Clients are also growing more open to working with Indian firms, especially as businesses demand insights into areas like digital transformation, sustainability, and ESG compliance. </span></p> <p><span style="font-size:14px">These emerging priorities require specialised knowledge and quick adaptability, something smaller consultancies are well-positioned to provide. </span></p> <p><span style="font-size:14px">In response, global firms are recalibrating their strategies by forming local partnerships, hiring more Indian talent, and tailoring offerings to match the countrys unique needs.</span></p> <p><span style="font-size:14px">However, challenges remain for domestic consultancies. Scaling operations, retaining skilled professionals, and investing in technology will be crucial if they aim to compete sustainably with established international players. </span></p> <p><span style="font-size:14px">Analysts believe that the competition between local and global firms will ultimately drive innovation, diversify service offerings, and reshape the future of Indias consulting market.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 43687 https://knnindia.co.in/news/newsdetails/economy/homegrown-advisory-firms-challenge-global-giants-in-indias-10-bn-market 2025-10-01 18:39:41 knnindia.co.in