San Francisco, Sept 6– Indian chartered accountants have been urged by Union Minister for Commerce and Industry Piyush Goyal to serve as ambassadors of “Brand India” and help draw in foreign investment.
After establishing the Institute of Chartered Accountants of India (ICAI) in six US locations, the minister spoke to a crowd in San Francisco and thanked the office holders for their efforts.
According to Goyal, India will need to grow rapidly over the next 25 years in order to play a significant role in world geopolitics.
He stated that the ICAI had a significant part to play in India’s path and that he was looking forward to the day when the organization would have 100 worldwide offices. The minister emphasized that chartered accountants around the world have made significant contributions to economic growth and stated that the importance of a CA’s signature makes their job serious and demanding.
Goyal added that the 21st World Congress of Accountants was scheduled to take place in Mumbai in November 2022 for the first time in 118 years, just as India was about to assume the G20 leadership. It is an acknowledgement of India’s growing significance in the international community, he continued.
The minister noted that India is currently one of the countries with the fastest expanding economies and described it as an island of calm in a volatile globe.
Goyal emphasized that since 2014, the government had made sure that inflation was the top focus of the RBI, underscoring India’s unrelenting attention on it. India, according to Goyal, is one of the world’s most popular investment locations and a favored partner.
“Global leaders are working hard to increase commerce and engagement with India through bilateral agreements. We have two successful free trade agreements with Australia and the United Arab Emirates, and we are in the advanced stages of discussions with the UK, which might be finished by Diwali”, the official said.