Goyal asks CAs all over the world to be ambassadors of Brand India

New Delhi: Union Minister for Commerce and Industry Piyush Goyal on Tuesday asked chartered accountants all over the world to be ambassadors of Brand India.

Addressing the gathering in San Francisco after launching the Institute of Chartered Accountants of India (ICAI) in 6 regions in the United States, he said he was looking forward to a time when ICAI would have a hundred international offices.

Underscoring that Chartered Accountants all over the world have been contributing immensely to economic development, the Minister said Chartered Accountant Professionals were custodians of integrity.

Referring to the signature of a CA was a mark of integrity and honesty, Goyal said the value of this signature made the task of CAs even more serious and onerous.

Referring to the 21st World Congress of Accountants which is to be held in Mumbai in November 2022 for the first time in 118 years, Goyal said it was set to happen when India was at the cusp of the G20 presidency.

Observing India was an island of stability in a turbulent world, the Minister said India is one of the fastest growing nations today.

Stressing upon India’s relentless focus on inflation, Goyal said that since 2014, the government had ensured that inflation was the primary focus of RBI and since 2014, India had seen inflation at an average of 4.5%, the lowest seen in any 8-year period since independence.

Touching upon the uncertain inflation scenario in the world, the Minister said India was one of the most favoured investment destinations and a preferred partner to the world.

“World leaders are making every effort to expand their engagement and trade with India through bilateral agreements. We have had two successful FTAs with Australia and UAE and we are at an advanced stage of negotiations with the UK and it will possibly be concluded by Diwali,” he said.