Cultural, regulatory hurdles challenge CA firm mergers; experts urge alliance models to scale India’s home-grown firms

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The ICAI is developing a digital networking platform to help small- and mid-sized CA firms explore mergers, expand services, and strengthen geographic reach, in line with PM Modi’s push for large domestic firms. Experts ask, Will the platform truly catalyze mergers? What hurdles do firms face? Which global or India-specific models can help scale successfully? They warn mindset, trust deficits, and regulatory rigidity could slow consolidation.