As of the end of July 2023, approximately 3.93 lakh professionals were registered as chartered accountants (CAs) in India, all members of the Institute of Chartered Accountants of India (ICAI). Presently, the CA course provided by the ICAI holds approximately 8.32 lakh active students.
The forecast suggests that India will have over 10 lakh Chartered Accountants within the next decade due to the escalating rate of enrollment and accomplishment in the CA course.
Number of CAs in India (Members of ICAI) as of 31/07/2023:
| Occupational Status | Number of Associate Members (ACAs) | Number of Fellow Members (FCAs) |
| In practice and holding full-time Certificate of Practice (COP) | 57,139 | 94,132 |
| In practice and holding part-time Certificate of Practice (COP) holders | 5,189 | 2,125 |
| Not in practice (i.e. doing Business or Job or looking for an employment) | 217,459 | 17,358 |
Understanding the trajectory of India’s Chartered Accountancy (CA) profession necessitates an exploration of its present scenario, progression pace, and career outlook, coupled with affecting elements like technology integration, tax law modifications, alterations in the ICAI/NFRA/MCA regulatory framework, and India’s economic growth.
As India’s economy briskly enlarges, the necessity for proficient professionals rises. Chartered Accountancy ranks among the country’s top coveted qualifications, given the widespread demand for CAs across various businesses and organisations.
This uptrend results from expanding needs for prime financial services and a well-refined workforce. Intensifying competition within the industry mandates Chartered Accountancy aspirants to possess relevant credentials and expertise to differentiate themselves. Equipped with the correct resources and advice, Chartered Accountancy can prove to be a fruitful and financially rewarding career path.
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.