Bern, June 9 -- India is actively working to establish its own version of the global "Big Four" accounting and consultancy firms, as Commerce and Industry Minister Piyush Goyal expressed confidence that homegrown giants will emerge "very soon."

Speaking to reporters in Bern on Monday, Goyal outlined the government's strategy to create large domestic accountancy firms capable of competing with international leaders Deloitte, PwC, Ernst & Young, and KPMG, which currently dominate India's consultancy landscape.

"We are trying to create our own Big Four. Earlier, the rules were not friendly - we couldn't have mergers, and our mindset was also different," Goyal explained. "Now, gradually, people are understanding the benefits of partnerships...