How Are Young Accountants Essential for Nation-Building?
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Synopsis
In her recent address, President Droupadi Murmu highlighted the indispensable role of young accountants in India's journey towards a sustainable and developed nation by 2047. By emphasizing accountability and sustainability, she called on the youth to step up as proactive contributors to the nation's growth.
Key Takeaways
- Accountability is essential for nation-building.
- Accountants can contribute significantly to India's goal of a Viksit Bharat by 2047.
- Sustainability has become a necessity for corporations.
- ICMAI plays a vital role in economic growth and policy support.
- Future accountants are called to embrace their responsibilities beyond financial roles.
New Delhi, June 23 (NationPress) President Droupadi Murmu emphasized the importance of accountability in the process of nation-building and urged the youth, particularly accountants, to play a vital role in transforming India into a Viksit Bharat by 2047.
Speaking at the National Students’ Convocation of the Institute of Cost Accountants of India, President Murmu encouraged students to recognize that their duties go far beyond mere financial accounting.
“As cost accountants, you possess a unique opportunity to aid in India's evolution towards a Viksit Bharat by 2047,” she stated, expressing her belief that the education provided by ICMAI will prepare them to be not just successful professionals, but also nation-builders.
The President highlighted that accountants have always held a respected position in society due to the intrinsic connection between accounting and accountability.
“We value accountability; hence, we place significant importance on accounting,” she remarked.
Reflecting on contemporary challenges, she noted that the world is grappling with the crisis of climate change. “Sustainability is no longer just a catchphrase; it has become essential,” she added.
“The era of corporations focusing solely on profit is over. Now, they must also consider environmental impacts. This is where cost and management accountants (CMAs) can effect substantial change for the future of our planet,” she emphasized.
President Murmu commended the Institute of Cost Accountants of India (ICMAI) for its pivotal role in strengthening the Indian economy, making it one of the most robust globally.
“Although its contributions often go unnoticed, experts in economic and corporate history recognize the vital role of cost and management accountants in our industrial advancement,” she commented.
The President pointed out that ICMAI has been a partner in the nation’s development by providing invaluable support to policymakers, as well as central and state governments, in formulating cost-effective strategies, systems, and manuals.
Point of View
It is imperative to recognize the crucial role of accountants in shaping the economic landscape of our nation. President Murmu's address serves as a clarion call for young professionals to embrace their responsibilities. The emphasis on accountability and sustainability aligns with national priorities, fostering a new generation of leaders committed to progress and integrity.
NationPress
23/06/2025
Frequently Asked Questions
What did President Murmu emphasize about the role of accountants?
President Murmu emphasized that accountants play a vital role in nation-building and should contribute to India's transformation into a Viksit Bharat by 2047.
How can accountants contribute to sustainability?
Accountants, especially CMAs, can help corporations consider environmental costs and implement sustainable practices, thus driving change.
What is the significance of ICMAI according to President Murmu?
ICMAI is recognized for its crucial role in strengthening the Indian economy and providing valuable support to policymakers in developing cost-efficient strategies.
