India will need huge pool of company secretaries to manage capital flow to support USD 10 trillion economy by 2030
company secretaries will be tremendous to manage the inflow of capital both from the Indian and international investors, a top domain expert said on Friday. «We have to increase the pool of Company Secretaries (CS) to 95,000 by 2030 and to 1.4 lakh by 2047, the year of Viksit Bharat economy driven by capital flow and the government-initiated infrastructure development,» B Narasimhan, President of the Institute of Company Secretaries of India (ICSI), said here.
Currently, ICSI has around 70,000 CS members and over 2 lakh students, he told PTI.
Narasimhan gave an insight into the aspects resonating with the Indian economy.
«We, as CS, are the most recognised profession in the capital market, handling compliances across the board of listed and unlisted companies. SEBI has appointed us as the compliance offices and it is mandatory,» he said.
Called the Governance professionals, Company Secretaries are at the forefront of managing capital flow from the market, he elaborated.
The company secretaries ensure that the governance is properly done by all corporations across India.
Narasimhan is confident of the Indian economic progress, which though was slowed down by the COVID-19 pandemic over the past two years. But he was quick to add that the economic growth pace was being accelerated.
Further, India is the only fast-paced growing economy which is giving investors the best rate of return on investments, he pointed out, adding that funds will come as investors are looking at ways of ploughing their monies and India,
