By Indian Clinicians Surges

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New Delhi, Oct 1 (KNN) India’s $10 billion consulting industry is witnessing a major shift as homegrown firms increasingly challenge global giants.

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.

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.

With leaner structures and lower overhead costs, they can deliver customised solutions at affordable rates without compromising on quality.

This agility gives them an advantage in mid-scale projects where clients prefer practical, faster, and cost-efficient results over brand prestige.

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.

These emerging priorities require specialised knowledge and quick adaptability, something smaller consultancies are well-positioned to provide.

In response, global firms are recalibrating their strategies by forming local partnerships, hiring more Indian talent, and tailoring offerings to match the country’s unique needs.

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.

Analysts believe that the competition between local and global firms will ultimately drive innovation, diversify service offerings, and reshape the future of India’s consulting market.

(KNN Bureau)