THE ROLE OF ACCOUNTING IN NATIONAL DEVELOPMENT A FOCUS ON A DEVELOPING ECONOMY SUCH AS INDIA

The role of accounting in promoting national development in developing economies such as India has become increasingly important. This study aims to examine the concept of accounting practices in India and to analyse the perceptions of chartered accountants based in Ahmedabad towards the role of accounting in national development. A sample size of 200 chartered accountants in Ahmedabad was surveyed to gather their opinions on the impact of accounting on economic growth and development, the challenges and opportunities facing the accounting profession in India, and the potential for emerging technologies to transform the accounting profession in India. Secondary sources of data, including academic literature, government reports, and industry publications related to accounting, national development, and the economy in India, were also analysed to supplement and support the findings of the primary data analysis. The results of this study demonstrate the crucial role of accounting in promoting economic growth and development in India and provide recommendations for policymakers and businesses to support the continued success of the accounting profession in the country.

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Keywords: Accounting, Economy, Chartered Accountant.


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