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May 2024

Professionals’ Role in Indian Economy

By CA Chirag Doshi, President
Reading Time 6 mins

Dear BCAS Family,

This quarter the theme of the Society is connecting with Industries and members in Industries.

Chartered Accountants play an important role in the business ecosystem by executing functions like Auditing & Assurance, Tax Consultancy, Accounting Services, Accountants & Finance Outsourcing and Financial Reporting. Every business entity has to onboard a CA for managing tasks like Finance Manager, Financial Controller, Financial Adviser or Directors and also appoint for audit of its accounts.

Several recent news and surveys highlight the growing importance of the CAs in the Industry.

Recently the ICAI President articulated, “For everyone trillion-dollar growth in the economy, there is an expected requirement of 1 lakh chartered accountants.” Further he projected that by the time India celebrates its 100 years of independence, the nation would require over 30 lakh new CAs to support its growth trajectory.

As per a report from CFA institute, Finance is considered to be the most desirable, stable

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