The President of the Institute of Chartered Accountants of India (ICAI) has highlighted significant initiatives aimed at bolstering Micro, Small, and Medium Enterprises (MSMEs), promoting sustainability, and driving digital transformation. These efforts are designed to support India's ambition of becoming a developed nation by 2047. The ICAI is actively involved in providing mentorship, capacity building, and advisory services to MSMEs, recognising them as crucial drivers of employment and economic growth.
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-reliant and developed nation, I find our growing entrepreneurial landscape to be a powerful reflection of this national resurgence. India is redefining its identity by transforming its populace and hu
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FAQ :
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.