Vice President C.P. Radhakrishnan to Lead ICAI’s 78th CA Day Celebrations on July 1, 2026

Vice President C.P. Radhakrishnan to Lead ICAI’s 78th CA Day Celebrations on July 1, 2026

According to the President of the Institute of Chartered Accountants of India (CA. Prasanna Kumar D), India’s growth will be driven by entrepreneurs, MSMEs and ethical professionals. He stresses that India’s transformation into a self-reliant and developed nation is driven by innovation, entrepreneurship and expansion into the global market. With almost 8 crore registered MSMEs providing employment to around 33 crore people, the sector has become a key contributor to industrial growth, exports, job creation and inclusive economic development across the country.

India’s MSME sector accounts for nearly 35% of manufacturing output, 49% of exports and 31% of GDP. These figures are not just numbers but the spirit of millions of Indians. The sector mainly contributes to poverty alleviation, job creation and socio-economic empowerment, especially in rural and semi-urban areas. Their ability to transform local innovation into globally competitive businesses has enhanced India’s economy. MSMEs are well placed to accelerate India’s growth with strong policy support and reforms.