ASSOCHAM urges center to help Indian accounting and finance professionals get ready for global market


Unlike professions pertaining to technical, operational and sales field,a career in accounting and financne requires a good understanding of the tax law, governement norms and other policy matters of a certaing geography or nation. With India’s growing CA/CS/CMA/CFA/MBA year by year, it is imperative for the education system to make these professionals globalmarket ready.

Apex industry body ASSOCHAM has suggested the Centre to conduct country-specific or geographic market-wise studies to ascertain job prospects for qualified Indian professionals in accountancy, finance, information technology (IT) and related services abroad.

“Considering the demand and supply of professionals in these sectors, the number of memorandum of undertakings (MoUs) signed by India with several countries may be increased to conduct exchange programmes and exploring job market in favouring countries,” highlighted ASSOCHAM in a communication addressed to Union Ministry of Corporate Affairs.

The chamber said that based on the demand analysis, awareness programmes may be organised for professionals like CA/CS/CMA/CFA/MBA both within and outside India.

It added that the focus for awareness programmes should be on ensuring maximum participation of foreign diplomats and MNCs in India as well as Indian companies doing business abroad.

In its communication to the Corporate Affairs Ministry, ASSOCHAM has also mentioned that considering the MBA course comes under the purview of the Union Ministry of Human Resource Development (HRD), as such it should also be invited to hold collaborative awareness programs for exploring job opportunities outside India.

“This will help in revamping the MBA institutions and help them in gaining substantially increased level of interest in MBA/PGDM like professional courses in future,” opined Mr D.S. Rawat, secretary general of ASSOCHAM.

The chamber has also sought financial support from the Union Government for presenting promotional programmes, events and campaigns about the aforesaid issue.