To make India Aatmanirbhar, the accounting fraternity needs to play a crucial role says ICAI President

Last updated: 10 August 2020

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The President of the Institute of Chartered Accountants of India (ICAI) has emphasised the critical role the accounting profession must play in achieving India's goal of becoming 'Aatmanirbhar' (self-reliant). He highlighted that Chartered Accountants are essential for implementing the government's economic packages, managing business complexities, and promoting economic potential both domestically and internationally. The profession's expertise is seen as key to driving growth, particularly within the MSME sector, and contributing to the nation's economic diplomacy.

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FAQ :

The ICAI President stated that the accounting fraternity must play a crucial role in making India 'Aatmanirbhar' (self-reliant).

Chartered Accountants can contribute by implementing the government's economic packages, managing business complexities, promoting economic potential abroad, and leading the growth of the MSME sector.

Organisations like ICAI are considered critical parts of India's economic diplomacy and outreach, with Chartered Accountants being important stakeholders in policy making and promoting the country's economic potential internationally.

ICAI inaugurated five Representative Offices in the USA during a program called 'Unite in America' on July 4, 2020, expanding its presence to seven major cities in the USA.

ICAI provides incisive inputs on technical and financial matters to various government ministries and regulatory bodies, and submits pre-budget and post-budget memoranda with suggestions to the Union Government.

ICAI has committed to contributing ₹15 crore to support the Indian Government's fight against the pandemic and has appealed to its members and students to contribute generously.

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