look news india
In India, 48 percent of the students passing the Chartered Accountancy (CA) examination are women. In the year 2000, the proportion of women CAs in the country was only 8 percent, which has now increased to 30 percent. Last year, there were a total of 8.63 lakh CA students in the country, out of which 43 percent were women. In 2019, 30 percent of the total CA students in the country were women. New opportunities have arisen due to outsourcing of accounting and auditing in the country and freshers are also getting an average annual salary of Rs 12.50 lakh. Flexibility and affordable fees are also big attractions for pursuing a CA course. It is noteworthy that now more women are becoming toppers in CA courses. Four of the six toppers in the final and intermediate exams in 2020 were women, while in the old and new courses exams in 2021, all toppers were women. Women candidates repeated the 2021 feat in 2022 and 2023 as well. In the last decade, 75 women candidates have topped the CA exams at various levels.
Ranjit Kumar Agarwal, President, Institute of Chartered Accountants of India (ICAI) said there has been an unprecedented increase in the participation of women in the profession of accountancy, tax and finance. The chartered accountancy and financial sectors in India are poised for better growth compared to countries with growing populations. India has emerged as a hub in these areas, with most countries outsourcing their accounting work. The burgers sold in America or Britain are being accounted for from Gurgaon or Kolkata. Apart from this, the talk about attractive salary package is true. On passing CA final exam, one gets an annual package of Rs 12.50 lakh. Our highest package in previous campus placements was Rs. 28 lakh and international package Rs. 49 lakhs.
It is noteworthy that in 2019, there were 2.91 lakh CAs in the country, out of which 73,807 were women, while in 2023, out of the total 3.90 lakh CAs in the country, 1.20 lakh were women. The number of women CAs in the country in 2017 and 2018 were 64,685 and 70,047 respectively. Aggarwal said that there are increasing opportunities in accounting and auditing and Rs. The five-year course costing Rs 75,000 is seen as the biggest return on investment. India's young population is technologically empowered and that is why you can see that 47 percent of global digital transactions are happening in India. There are ample opportunities for professional development.