India's audit sector struggles for global competitiveness, as local firms lag multinational rivals due to preference for global presence and technology. Protectionist measures are debated, risking limited capital access and international growth for Indian companies. The author argues against selective protectionism, stating it won't foster local champions. Instead, a blueprint for growth involving international partnerships and openness is crucial. The article suggests building a BRICS audit network, by embracing more international auditors, could offer a viable strategy for India to cultivate a globally competitive audit industry.