As of April 1, 2022, there were about 3.51 lakh chartered accountants (CAs) in India who were members of the Institute of Chartered Accountants of India (ICAI). Further, there are around 750,000 students enrolled in the CA course offered by the ICAI at the moment.
It is expected that there will be more than 10 lakh Chartered Accountants in India in the next ten years or so. This is because the number of people taking the CA course and becoming CA professionals is growing quickly.
Number of CAs in India (Members of ICAI) as of 01/04/2022:
|Occupational Status||Number of Associate Members (ACAs)||Number of Fellow Members (FCAs)|
|In practice and holding full-time Certificate of Practice (COP)||56,476||90,208|
|In practice and holding part-time Certificate of Practice (COP) holders||4,815||2,154|
|Not in practice (i.e. doing Business or Job or looking for an employment)||181,653||15,926|
To gain an understanding of the future of the CA profession, it is necessary to review the current state of the profession, the growth rate, and the job prospects, as well as factors that can affect the number of CAs in India, such as technological adoption, changes in taxation laws, changes in regulatory framework of ICAI/ NFRA/ MCA, and the overall growth of the Indian economy.
The demand for skilled and qualified professionals has increased as the Indian economy expands and grows. Chartered Accountancy (CA) is one of the most sought-after qualifications in the country, with many businesses and organisations in need of the services of Chartered Accountants (CAs).
This is due to the growing demand for high-quality financial services as well as the requirement for a highly skilled workforce. As the industry becomes more competitive, it is critical for aspiring Chartered Accountants to have the necessary qualifications and experience to stand out. Chartered Accountancy can be a rewarding and lucrative profession with the right tools and guidance.
अन्य व्यवसायों की तुलना में भारत में चार्टर्ड एकाउंटेंट्स के बीच बेरोजगारी की दर कम है। भारत में एक चार्टर्ड एकाउंटेंट का औसत वेतन राष्ट्रीय औसत से अधिक है, जो पेशे में रोजगार की उच्च दर का संकेत देता है। वित्तीय प्रबंधन और कराधान में अपनी विशेषज्ञता और अनुभव के कारण भारत में चार्टर्ड एकाउंटेंट की भारी मांग है। इसके अतिरिक्त, चार्टर्ड एकाउंटेंट के पास लेखांकन और वित्त में उनकी विशेषज्ञता के कारण लेखापरीक्षा से लेकर कराधान तक करियर विकल्पों की एक विस्तृत श्रृंखला है। भारत में चार्टर्ड एकाउंटेंट्स के बीच कम बेरोजगारी दर पेशे और उससे जुड़े कौशल के लिए मजबूत मांग का संकेत है।
It can be difficult to decide which qualification or degree course to pursue after graduating in commerce in India in order to achieve the best prospects.
CA, CS, CMA, CFA, CPA, LLB, etc. are among the best available options.
All of these professional courses are distinct in their own right and can lead to a variety of opportunities.
The Chartered Accountancy (CA) qualification allows you to work in both the public and private sectors, to advise businesses, and to audit financial statements.
Personal preference, financial means, and future plans all play a role in deciding which career path to pursue after graduating with a degree in commerce in India.
While Chartered Accountants (CA) and Company Secretaries (CS) are the most likely to succeed, a Cost Accountant (CMA), a Chartered Financial Analyst (CFA), a Certified Public Accountant (CPA), or a Lawyer (LLB) are also viable options.
No matter what path a person chooses, they must make sure they have the knowledge and skills they need to be successful.
The membership strength of ICAI must have reached around 4 lakh by the time the ICAI Convocation took place in January 2023, after taking into consideration the number of newly qualified CAs participating in the event, including those who participated in the October 2022 event.