Country profile

India

16 entries from 9 of our maps, in one place. Open a map to see India beside the rest of the world.

Accounting News

Global regulatory & profession weekly updates.

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Scandals & RiskRegional2026-09-28

Supreme Court allows Fortis forensic audit

India’s Supreme Court allowed a forensic audit to proceed in the long-running Fortis Healthcare–IHH dispute. The decision clears the way for deeper examination of financial and operational transactions connected with the contested business unit.

InnovationRegional2026-09-25

ICAI plans AI-focused CA curriculum

ICAI is revamping the Chartered Accountancy curriculum to incorporate AI, data analytics, sustainability, ESG and forensic auditing. It is also developing an international CA programme aimed at overseas students.

Scandals & RiskRegional2026-09-22

Adani companies settle disclosure cases

Four Adani Group companies paid INR15.1 million to settle SEBI proceedings over disclosure violations, including a related-party transaction and audit reports signed by firms without valid peer-review certification. The settlements were made without admission or denial of guilt.

Audit Oversight Bodies

Public audit-oversight bodies (POBs) and IFIAR membership by country

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IFIAR member

National Financial Reporting Authority (NFRA)

PAO: Institute of Chartered Accountants of India (ICAI) · ~100000 registered audit firms · ~450000 registered auditors · IFIAR member. NFRA oversees statutory auditors of listed and large entities. ICAI registers all CAs and handles QA for non-NFRA entities

Sustainability Framework Adoption

Sustainability-reporting standards adopted by country (ESRS, ISSB, GRI, TCFD)

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IFRS SDS (ISSB)

IFRS SDS + GRI + TCFD

NSE/BSE top 1,000 listed companies (BRSR); banks & NBFCs (RBI, from FY 2028) · BRSR: FY 2023 onwards; RBI climate: FY 2028 · BRSR = Business Responsibility & Sustainability Report; RBI rules align with TCFD+IFRS S2

Professional Accountancy Organisations

Accountancy bodies (PAOs) and their IFAC membership, by country

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IFAC member

Institute of Chartered Accountants of India (ICAI)

IFAC member · South Asian Federation of Accountants (SAFA) · Founded 1949

Members: 407,629 · Market penetration: 0.0283

IFAC member

Institute of Cost Accountants of India (ICMAI)

IFAC member · South Asian Federation of Accountants (SAFA) · Founded 1959

Not in IFAC

The Association of Certified Public Accountants (ICPA Global) (ICPAGLOBAL)

IFAC non-member

Not in IFAC

Institute of Certified Public Accountants (CPA India) (CPA India)

IFAC non-member

Not in IFAC

Institute of Chartered Tax Practitioners India (ICTPI)

IFAC non-member

Company Registry Portals

Where company financial statements are filed and published, by country

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All entities

Ministry of Corporate Affairs – MCA21 Portal

All companies (Private Ltd, Public Ltd, OPC, LLP above threshold); listed also via SEBI/BSE/NSE · Financial statements in XBRL filed with MCA21; publicly accessible via efiling.mca.gov.in

Accountant & Auditor Salaries

Gross annual pay of accountants and external auditors, in US dollars (2026)

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$2,500–7,500

Accountant: $2,939 a year

  • Accountant: $2,939 a year (modelled estimate)
  • External auditor: $4,051 a year (modelled estimate)
  • Average for all jobs: $3,972 a year

Modelled values use global occupational multipliers; use as directional estimates.

Gross pay in nominal US dollars (2026), not adjusted for living costs.

Country Challenges

The main challenge for accounting and audit in each country, from public evidence (2026)

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Audit quality

Group audit reform

  • Evidence: Direct evidence — the selected source reports this issue directly
  • Scope: Statutory audit

ICAI highlights cost, capacity and competitive challenges associated with implementing revised group auditing requirements.

Source: ICAI - The Institute of Chartered Accountants of India (news or professional publication)

Annual Report Awards

National & global awards for the best annual reports and corporate reporting

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National

India’s Best Annual Report Awards

The Free Press Journal and CareEdge · Annual report; governance; transparency; financial reporting; sustainability · Indian listed companies across sector categories

National

ICAI Awards for Excellence in Financial Reporting

Institute of Chartered Accountants of India (ICAI) · Annual financial reporting; financial statements; disclosures; sectoral reporting excellence · Indian companies and entities across sector categories

GDP per Capita

GDP per capita (current US$), 2025 — World Bank Open Data

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Lower-middle · $1,146–4,515

$2,702

GDP per capita (current US$), 2025 · Lower-middle · $1,146–4,515

Business opportunities

No live listings in India right now.

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Not on these maps yet: Accounting History.

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