The Indian government has unveiled plans to establish domestic Multi-Disciplinary Partnership (MDP) firms, a move that could significantly reshape the nation’s consulting and auditing ecosystem. Designed to align with the Atmanirbhar Bharat vision, this initiative aims to strengthen India’s home-grown professional services, reduce reliance on international giants, and provide affordable, context-specific advisory to businesses of all sizes.MDP firms will combine expertise across finance, taxation, auditing, strategy, law, and marketing within one unified structure. This model mirrors the integrated services global consulting majors have long offered but adapts them for India’s unique business realities. By doing so, the government hopes to level the playing field for Indian consultancies, enabling them to compete directly with global firms while also contributing to national development goals.Industry experts believe this initiative will be transformative for SMEs and startups. For years, smaller firms have struggled to access high-quality advisory due to high costs and frameworks designed for multinational corporations. Domestic MDPs promise to close this gap, offering affordable, localized consultancy that understands regulatory nuances, market challenges, and cultural dynamics unique to India.Startups, in particular, stand to benefit from integrated services that go beyond compliance—helping them with market entry strategies, investor readiness, and growth planning. With India now home to more than 100,000 recognized startups, the timing of this policy couldn’t be better. MDP firms are positioned to become one-stop advisory partners for businesses seeking structured support on their growth journey.
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