• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Outsourcing boosts women chartered accountants in India to 30%

Outsourcing boosts women chartered accountants in India to 30%

Outsourcing boosts women accountants India
Photo from CharliePix

NEW DELHI, INDIA — The number of women chartered accountants (CAs) in India has seen a remarkable increase, with their share in the overall pool reaching 30%, which is up from a mere 8% in 2000. 

Institute of Chartered Accountants of India (ICAI) President Ranjeet Kumar Agarwal credited this growth to the increasing demand for outsourced accounting and auditing services within the country. 

Outsourcing created new opportunities for young professionals. Its salary—reaching Rs 1,250,000 ($14,900) for fresh graduates—has also drawn more women to the profession. 

The trend is evident in the exam results, where female aspirants now represent 48% of the qualifiers. The student base also reflects this shift, with women constituting 43% of the 863,000 lakh CA students. The profession’s flexibility and the affordable cost of study have made it a lucrative option for women.

Women have been outperforming men in CA exams, with four of the six top notchers in the 2020 final and intermediate exams being female. In 2021, women swept all top spots in both the old and new course exams, a feat they replicated in the following years. Over the last decade, 75 women have topped the CA exams at various levels.

In 2023, ICAI also introduced a new course in line with the National Education Policy to further encourage participation.

Agarwal also highlighted India’s competitive edge in the industry, stating that the country “emerged as the hub with most countries outsourcing their accounting work to us.” 

He further pointed out the lucrative compensation packages for CAs in India, with the highest domestic package reaching Rs 2,800,000 ($33,500) and the international package hitting Rs 4,900,000 ($58,700).

Agarwal concluded by emphasizing the technological empowerment of India’s young population, which contributes to the country’s significant share of global digital transactions and professional growth opportunities.

“Young population in India is technologically empowered, and that’s why you can see that 47% of global digital transactions are happening in India, providing ample professional growth opportunities here,” he stated.

Just last December, UK-based accountancy firm Evelyn Partners announced that they are considering outsourcing its basic accounting work to India as it rapidly expands its operations. 

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 450+ podcast episodes, and a comprehensive directory with 4000+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image