ICMAI National Students' Convocation 2025: President of India highlights the role of cost accountants in nation-building
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recently addressed the National Students' Convocation of the Institute of Cost Accountants of India (ICMAI), highlighting the critical role of cost accountants in India's economic progress and its journey towards a sustainable future.She underscored the historical reverence for accountants in Indian society, stating, 'Throughout our history, accountants have enjoyed high esteem in our society. The reason for that, I believe, is that accounting and accountability are deeply connected. We value accountability; therefore, we attach special significance to accounting.' She even referenced Mahatma Gandhi's early experience with bookkeeping, emphasising his commitment to cost-efficiency not just for financial savings but for the preservation of invaluable resources.The President acknowledged ICMAI's significant contribution since its establishment in 1944, for the regulation and development of the profession of cost and management accountancy in the country. 'It has played its role away from the limelight, but experts in economic and corporate history appreciate the significance of the inputs of cost and management accountants in our industrial growth,' she stated. CMAs, she added, have meanwhile seen their functions growing from cost accounting in factories to management accounting in boardrooms. They now work in fields such as direct and indirect taxation, corporate laws, arbitration, insolvency, valuation, social auditing, independent directorship, banking, and insurance.Urging the graduating students to recognise their expansive responsibilities beyond financial accounting, he expressed her confidence in ICMAI education, stating that it would equip them to be not just successful professionals but also nation-builders contributing to the vision of a Viksit Bharat by 2047.During the Convocation, she also awarded certificates to the toppers of the CMA Final and Intermediate Examinations, including Tejaswini Kothapeta and Rishab Ostwal R from Andhra Pradesh, as well as Nikita Bansal and Krutika Singhal from Gujarat. In total, 247 students received the awards.Deepti Gaur Mukerjee, Secretary, Ministry of Corporate Affairs, Government of India, also addressed the gathering, encouraging cost and management accountants to embrace technology, innovation, and agility, highlighting their pivotal role in India's journey towards becoming a $30 trillion economy.CMA Bibhuti Bhusan Nayak, President of ICMAI, CMA TCA Srinivasa Prasad, Vice President of ICMAI, CMA M.K. Anand, Convener, National Students' Convocation – 2025, CMA Vinayaranjan P, Chairman, National Students' Convocation – 2025, and other council members of ICMAI and esteemed guests from the corporate, also graced the event.The event was attended by over 1,200 students, professionals, corporate leaders, and government officials, and was live-streamed to over 100,000 members and 600,000 students globally.
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