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Dear Professional Colleagues, "India's growth story will be written not only in boardrooms and balance sheets, but in the aspirations of its entrepreneurs, the resilience of its MSMEs and the integrity of its professionals". As I reflect upon India's transformative journey towards becoming a self-
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ICAI's recent initiatives focus on supporting Micro, Small, and Medium Enterprises (MSMEs), promoting sustainability reporting, and driving digital transformation within the profession and for businesses.
ICAI supports MSMEs through various programmes like the ICAI MSME Clinic, mentorship initiatives, capacity building workshops, and providing advisory services on finance, compliance, taxation, and digital transformation.
MSMEs are considered the backbone of India's economic growth, contributing significantly to manufacturing, exports, and GDP, while also being a major source of employment and driving inclusive development.
ICAI has issued Exposure Drafts on the Standard on Sustainability Assurance (SSA-5000) to equip the profession with robust, globally aligned assurance frameworks for sustainability reporting.
WOFA 2026 is a major global event organised by ICAI in Visakhapatnam, focusing on 'Redefining Excellence: Technology | Trust | Transformation' to discuss the future of the accountancy profession.
The ICAI delegation participated in Accountex London and a Global Summit with ICAEW, focusing on professional mobility, mutual recognition, and cross-border services between India and the UK.
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