August 12, 2005
Chartered Accountant Positions Shift to India
Despite the fact that accountancy deals heavily with numbers, the industry has been hesitant to make the transition to outsourcing. That all seems set to change, however, as huge numbers of Chartered Accountant or CA positions are springing up throughout India. Chosen for its abundance of skilled labor and proficiency in English, increasingly western accounting firms are shifting basic accountancy work over to Indian Accountancy Firms.
The change has caused an increasing number of business students in the Indian world to consider entereing the field of accountancy. With just 8,000 available positions just a few years ago, it hardly seemed worthwhile to study accountancy with the hope of landing what amounts to very few jobs. In recent years, however, the number of CA positions available has shot up. This indicates not only a willingness for western firms to shift work abroad, but gives yet another indicator that traditional outsourcing destination countries are rapidly moving up the value-added food chain. The Times of India reports:
According to Akshaya Bhargava, CEO of Progeon, "Considering the rate at which the need for such people is increasing, demand might outstrip supply. These people come with accounts knowledge and this is where training comes in to make them aware of managing processes."
Read More: CAs surf outsourcing wave
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