Growing economy provides CAs with more prospects

There has been a spate of mergers and acquisitions happening in the Indian economy. This in turn calls for complex financial dealings and professionals like chartered accountants to solve them. To highlight the role played by such professionals and the opportunities available to them, the Institute of Chartered Accountants of India (ICAI) organized a national conference in the city on Friday.

�CAs are the pivot on which the opportunities would be built, because as business partners, advisors to management of capital, they would ensure that organisations develop strong financial foundation for perpetual growth and development,� said Gautam Adani, chairman, Adani Enterprises Ltd while addressing the conference titled 'Opportunities Unlimited�.

According to experts present at the conference, the Indian economy has grown by more than 8 per cent in the last three years. This growth has created a number of opportunities for professionals in various fields, including chartered accountants.

Quoting a report on Legal Process Outsourcing, Hemant Batra, senior partner, Kaden Boriss Partners said that India is expected to add 79000 jobs by 2015 in LPO. The industry is expected to touch $ 4 billion by 2015.

Batra said that majority of the accounting work from US was being outsourced to India alone because of the growing skills of Indian accountants. The Indian growth story is also attracting private equity (PE) and hedge funds, apart from foreign institutional investors. �PE and hedge funds exposure is increasing in India, but this flow is highly unregulated,� said Vikrant Gugnani, CEO, Reliance Capital Asset Management Ltd.