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Local Big 4 plan to get legal muscle
Financial Express Chennai
|October 14, 2025
TO TACKLE THESE regulatory shortcomings, the ministry initiated a public consultation in September 2025 to bring about a more relaxed framework for establishing MDPs in India.
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“In India, restrictions on MDPs prevent professionals from working together under a single firm structure. As a result, they often operate in silos, limiting collaboration and the ability to offer integrated services like those provided by international firms. This restriction makes work less efficient, limits new ideas, and stops Indian professional firms from growing into full-service firms that can compete at the international level,” the discussion paper noted.
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