Number Crunchers to Nation Shapers: President Murmu’s Vision for Cost Accountants in New India

Unknown Apr 02, 2026 2,150 Views

President Droupadi Murmu, addressing the National Students' Convocation 2025 of the Institute of Cost Accountants of India (ICMAI) here on June 23, paid a grand tribute to the profession, calling the cost accountants nation-builders and the key drivers in taking India to the developed nation...

Recalling the historical and contemporary significance of accounting, President Murmu reaffirmed the close connection between accounting and accountability and noted that cost accountants have always been held in high esteem within Indian society for their exercise of financial prudence and transparency. She reviewed the history of the ICMAI since its establishment in 1944 and noted its critical role in India's economic development after independence and ongoing contribution to policymakers, governments, and industries in the development of cost-efficient methods and systems.

President Murmu called for cost accountants to embrace wider roles from traditional finance, and she called for them to lead in the areas of sustainability, policy-making, tax reforms, and corporate governance. She said sustainability is no longer a slogan but a necessity, and she called for the profession to allow businesses to factor in environmental cost and drive India's sustainable growth.

Key Highlights

Nation-Building Role: President Murmu has referred to cost accountants as "nation-builders" and "keystone instruments" to fulfill the vision of a Viksit Bharat by 2047.
Beyond Profit: She urged corporates to embrace beyond profit drivers and become sustainability-focused, with cost accountants leading environmental responsibility.
Policy and Governance: Cost accountants were called upon to make their inputs to policy-making, audit reforms, and corporate governance towards realizing India's USD 30-trillion economy vision.
Adapting to Technological Changes: The profession was called upon to keep pace with web developments and technological advancement to remain current in an ever-evolving world economy.
Academic Excellence: The convocation recognized students who were high achievers, honoring their professional and academic achievement as future leaders in nation-building and finance.
Ethics and Integrity: Integrity and professionalism were emphasized by President Murmu as the foundation for making a positive impact on society and the economy.

President Murmu's address was a celebration of the history of the profession as much as a call to younger cost accountants to be honest, innovative, and effective leaders of India's economic and social change.

Source: PIB, The Trending People, DD News, President of India (YouTube), Deccan Herald

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