New Delhi, Sept. 27 -- The government is moving to accelerate a review of regulations that limit the growth of domestic accounting and consultancy firms, with an aim to create large homegrown players capable of competing with global giants, according to people familiar with the matter.

A high-level meeting held on Tuesday, chaired by Shaktikanta Das, Principal Private Secretary-2, Prime Minister, discussed measures to strengthen the competitiveness of Indian firms and support the emergence of entities comparable to the Big Four.

Senior officials from the Prime Minister's Office and the ministries of finance and corporate affairs participated in the deliberations.

The proposed strategy under consideration includes easing rules to encour...