India Lacks Consulting Giants Despite $1 Billion Market

India has many talented consultants working for big global companies, but it doesn't have its own big-name consulting firms like McKinsey.

This is because of some rules that make it hard for Indian companies to grow.

For example, new firms can't get big contracts because of high revenue requirements.

They also can't use their experience from working at global firms to start their own companies.

Plus, different professions like lawyers and accountants can't easily work together.

These rules prevent Indian firms from becoming well-known worldwide.

To fix this, the rules should change so Indian companies can build brands, work together across different fields, and advertise themselves.

The goal is to help Indian consulting firms succeed like the IT sector did.