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Over the past five years, 16 ministries have awarded work worth Rs 500 crore to the Big Five consultants. These assignments range from Reliance Power and NITI Aayog to Central Vista and GSTN. The information is based on a report by the Indian Express newspaper.
The Indian government has been increasingly outsourcing policy-making to external consultants. The top five beneficiary companies of this trend, often referred to as the “Big Five”, are PwC, EY, KPMG, Deloitte, and McKinsey.
Top 5 beneficiary companies of Indian
| Company | Top Clients | Buget | Number of Contracts |
|---|---|---|---|
| PWC | IREDA, ONGC, NIC, Bureau of Energy Efficiency, Ordnance factory Board and PSOCL |
156 Cr | 92 |
| EY | Engineers India, NIC, HPCL, THDC, Power Grid | 88.5 Cr | 87 |
| Deloitte | BPCL, HPCL, NHPC, Numaligarh Refinery, Oil India | 130.13 Cr | 59 |
| KPMG | Oil India, NITI Aayog, Numaligarh Refinery, UIDAI, Power Grid, DPIIT, BPCL | 68.46 Cr | 65 |
| McKinsey | Oil India, Numaligarh Refinery and Power Finance | 50.9 Cr | 3 |
These companies have been appointed by various ministries and departments for their expertise and have been involved in numerous projects. However, the exact details of their work and the impact of their contributions are not publicly available. This information would be necessary to provide a comprehensive overview of the top 5 beneficiary companies of the Indian government’s outsourced policy-making.
Various ministries and departments, including Health and Family Welfare, Social Justice and Empowerment, Rural Development, Education, Skill Development and Entrepreneurship, Agriculture and Farmers Welfare, Science and Technology, Environment, Forest and Climate Change, Women and Child Development, and NITI Aayog, have appointed these firms.
Which "Big Five" firm secured the most contracts?
The daily has named the following 16 departments/ministries and 50 organizations under their administration, which consulted any of the five global consultants: Petroleum and Natural Gas; Rural Development; Administrative Reforms and Public Grievances; Promotion of Industry and Internal Trade; Coal; Electronics and Information Technology; Health and Family Welfare; Skill Development and Entrepreneurship; Defence; Civil Aviation; Public Enterprises; Non-conventional Energy Resources; Power; Road Transport and Highways; Environment, Forest and Climate Change; and Tourism.
The IE reported that PwC secured the highest number of contracts, bagging at least 92 contracts worth over Rs 156 crore between 2017 and 2022. Deloitte secured the second position with 59 assignments worth over Rs 130.13 crore. They did not provide the amounts involved in four of those contracts.
"E&Y secured 87 contracts worth Rs 88.05 crore, KPMG secured 66 contracts worth Rs 68.46 crore, and McKinsey secured three contracts worth Rs 50.09 crore."
"IE accessed records show that between April 2017 and June 2022, the Ministry of Petroleum and Natural Gas and four of its PSUs awarded contracts worth over Rs 170 crore. Indian Oil Corporation declined to provide the data on the contracts it awarded to the consultancy firms, citing the "trade secret" clause of the RTI Act."
Second on the list is the power sector, with nine organisations under the power ministry, which gave assignments worth Rs 166.41 crore to the "Big Five" consultancies.
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