There is a huge demand for Chartered Accountants (CA) and it is estimated that India will require another 5 lakh CAs by 2020.This was stated by C A Shanmukh Sundaram, chairman of Southern India Regional Council of The Institute of Chartered Accountants of India (SIRC of ICAI) here on Wednesday.
He was here to inaugurate the One Village One CA programme, an initiative to create awareness about CA course among school students, ICAI, here.

A total of 1,82,000 chartered accountants are there in the country and we are the second largest accounting body in the world after the US, Sundaram said. He also pointed out that Indian CAs are not only sought in India but other countries as well.

In West Asia, over 50 per cent of the corporate are managed by Indian CAs, he noted. Sundaram added that they were taking initiatives to create awareness among parents and students about the course.

Of the total 6 lakh villages in our nation, 32,000 exist in Tamil Nadu. There are 1,000 villages in Kanyakumari district alone, and the aim is to produce at least one CA from each village in India, said A John Moris, the Coopted member of Career Counselling Committee of SIRC of ICAI.