Project Report For
The project report for accountancy institute is as follows.
India Accounting Services Market is expected to witness robust growth by 2022, owing to the rising demand of accounting services to ensure effective management across different businesses. Factors such as growing workforce, government initiatives towards creating more employment avenues and increasing start-up culture have propelled the demand for accounting services for individuals as well as companies. The growing demand for payroll services across various companies to ensure proper management will drive the growth of the market during the forecast period. Moreover, the anticipatory arrival of the Goods and Services Tax (GST) is also expected to have a positive impact on the accounting services market as businesses will look towards remodelling their supply chains to take advantage of the new tax structure post-GST. Based on the service type, tax preparation service is expected to dominate the market by 2022 owing to the growing number of new businesses in the country and rising equity markets.
Market potential & Strategy
The market for the accounting courses are increasing as the GST ,accounting careers were increasing rapidly in India and middle east. The growing business rapidly expanding startup ecosystem helps the people to think about a career in commerce. There comes the scope of the project.
india does have the highest population of around 500 million in the 5-24 year age category, which offers the education business a huge opportunity. India’s education sector has been valued at $91.7 billion in FY18 and is projected to reach $101.1 billion in FY19.
In India, the number of higher education institutions managed to reach 39,931 and 993, respectively, during the year 19. India had 37.4 million new students in FY19 undergraduate education. In FY19, the gross enrolment ratio in higher education managed to reach 26.3 per cent.
The country became the 2nd-largest e-learning sector after the US. pBy 2021, with around 9.5 million active users, the figure is anticipated to grow 1.96 billion US$.
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