How many CAs or ICAI Members are there in India in 2022?

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.

How many CAs or ICAI Members are there in India in 2022?

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 StatusNumber of Associate Members (ACAs)Number of Fellow Members (FCAs)
In practice and holding full-time Certificate of Practice (COP)56,47690,208
In practice and holding part-time Certificate of Practice (COP) holders4,8152,154
Not in practice (i.e. doing Business or Job or looking for an employment)181,65315,926
Total (351,232)242,944108,288

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.

Tags:

3 Comments

  1. भगत झा
  2. CA Aspirant Kusum
  3. Simran

Leave a Reply