Politics
Narendra Modi: Trusted partners in India’s economic journey: PM Modi..
New Delhi, July 1: Prime Minister Narendra Modi on Wednesday extended greetings on the occasion of Chartered Accountants’ Day to the entire CA fraternity and said that they have long been trusted partners in India’s economic journey.
PM Modi took to social media ‘X’ and said, “Greetings on the occasion of Chartered Accountants Day to the entire CA fraternity. They have long been trusted partners in India’s economic journey. Through their commitment to transparency and professional excellence, they strengthen our financial systems, support businesses, encourage entrepreneurship and inspire investor confidence. »
“Their expertise contributes significantly to economic growth and nation-building. As we move towards Viksit Bharat status, their efforts help create an environment where businesses can thrive and opportunities can expand for all,” he said.
Every year on July 1, India celebrates Chartered Accountants’ Day to recognize the invaluable contribution of chartered accountants in strengthening the country’s financial system, ensuring transparency and promoting economic growth. More than just financial experts, CAs are trusted advisors who help businesses navigate complex regulations, maintain compliance and achieve sustainable growth.
In 2026, the importance of CA Day is even greater as the financial landscape continues to transform through digitalization, automation, GST reforms and increasing global integration. The profession demands exceptional integrity, analytical skills, precision and dedication, making Chartered Accountants an indispensable pillar of the Indian economy.
From auditing and taxation to financial planning, risk management and business advisory services, chartered accountants play a vital role across all sectors. Although much of their work takes place behind the scenes, their contribution is essential to the smooth running of businesses and institutions. CA Day provides an opportunity to recognize their professionalism, commitment and service to the nation.
The founding of the profession in India dates back to July 1, 1949, when the Institute of Chartered Accountants of India (ICAI) was established by an Act of Parliament. Established even before the Indian Constitution came into force, the ICAI is one of the oldest professional institutions in the country. Today, it is the second largest professional accounting body in the world in terms of membership, representing over 2.5 lakh chartered accountants.
The ICAI is the country’s statutory body responsible for regulating the chartered accountancy profession and awarding the prestigious CA qualification. It plays a key role in setting accounting and auditing standards, with its advice followed by organizations ranging from the National Financial Reporting Authority (NFRA) to accounting companies and firms across India.
Every year, July 1 is celebrated as ICAI Foundation Day, also known as Chartered Accountants Day, to honor the legacy of the institution and the professionals who continue to uphold the highest standards of financial responsibility and ethics.
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