Project Report For Commerce Institute
The project report for accountancy institute is as follows.
Due to the growing need for accounting services to guarantee successful administration throughout various organisations, the Indian Accounting Services Market is anticipated to develop rapidly by 2022. Accounting services for people and businesses are in high demand due to reasons like the rising workforce, government attempts to provide more job opportunities and developing start-up culture. During the projection timeframe, the market would be driven by the increasing need for payroll services across various organisations to guarantee appropriate administration.
Furthermore, the anticipated advent of the Goods and Services Tax (GST) is projected to benefit the accounting services industry, as firms would attempt to restructure their supply chains to benefit from the new tax structure post-GST. Because of the increasing series of innovative firms in the nation and developing equity markets, the tax preparation industry is anticipated to control the market by 2022.
Market potential & Strategy
Accounting courses are in high demand, and accounting jobs are growing quickly in India and the Middle East as a result of the GST. The quickly developing startup environment encourages people to choose a career in business.
India has the world’s largest population of people aged 5 to 24, with about 500 million people in this age group, which presents a significant potential for the education industry. In FY19, India’s education industry was valued at $98.3 billion dollars, and in FY22, it is expected to reach $162.7 billion dollars.
Throughout the year 2019, the population of higher education institutions in India reached 39,931 and 993, correspondingly. In FY20, India added 42.2 million new undergraduate students. The overall admission ratio in higher education was 31.1 per cent in FY20. After the United States, our nation became the world’s second-largest e-learning market. With roughly 9.5 million active users, the amount is expected to rise to 2.8 billion US$ by 2022.
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