Future bright for Cost and Management Accounting: president of Institute of Cost Accountants of India

Sat Nov 02 16:51:47 UTC 2024: ## Cost and Management Accounting Key to “Vikasit Bharat” – ICMAI President

**Hyderabad, November 2, 2024:** The Institute of Cost Accountants of India (ICMAI) President, Bibhuti Bhusan Nayak, has highlighted the crucial role of Cost and Management Accounting (CMA) in achieving the government’s vision of “Vikasit Bharat” (Developed India).

Nayak emphasized that in India’s dynamic and rapidly evolving economy, businesses face significant disruptions and challenges characterized by volatility, uncertainty, complexity, and ambiguity (VUCA). In this context, CMA assumes a pivotal role in ensuring business survival, continuity, and sustainability.

He further stated that the future holds immense promise for the CMA profession as it adapts to the changing business landscape. CMAs will remain instrumental in helping organizations navigate the complexities of the modern business environment and achieve their objectives.