2024, Vol. 5, Issue 2, Part A
Review on younger generation venturing the business under “Atma Nirbhar Bharat”
Author(s): CA. Manoj P Desai
Abstract: Chartered Accountants (CAs) are vital to the commerce sector in "Atma Nirbhar Bharat" (Self-Reliant India) due to their comprehensive expertise in financial management, compliance, and strategic planning. They provide critical financial guidance to businesses, particularly MSMEs, aiding in effective budgeting, resource allocation, and improving profitability, which are essential for economic sustainability and growth. CAs ensure adherence to regulatory requirements and uphold high standards of corporate governance, fostering investor confidence and enhancing the credibility of businesses, which is crucial for attracting investments. Their proficiency in tax planning and management allows businesses to optimize tax liabilities and comply with tax regulations, thereby retaining more earnings for reinvestment and expansion, strengthening the commerce sector. Additionally, CAs offer strategic advice on business restructuring, mergers, and acquisitions, ensuring sound and sustainable business decisions through their expertise in financial due diligence and risk assessment. This strategic guidance helps businesses adapt to market changes, seize new opportunities, and enhance their competitive edge. In essence, CAs are indispensable for fostering a resilient and self-reliant economy, making them key drivers of India's journey towards economic independence.
DOI: 10.22271/27084515.2024.v5.i2a.338
Pages: 58-60 | Views: 36 | Downloads: 21
Download Full Article: Click Here
How to cite this article:
CA. Manoj P Desai. Review on younger generation venturing the business under “Atma Nirbhar Bharat”. Asian J Manage Commerce 2024;5(2):58-60. DOI: 10.22271/27084515.2024.v5.i2a.338
Other Journals