Contribution of Book-Keeping and Accountancy in the Vision of Viksit Bharat

Abstract

The vision of Viksit Bharat aims to transform India into a developed, self-reliant, transparent, and globally competitive nation by 2047. Achieving this vision requires strong financial discipline, efficient resource utilization, and evidence-based decision-making. Accountancy, supported by systematic book-keeping, plays a crucial role in strengthening economic governance, improving transparency, supporting entrepreneurship, and enhancing fiscal stability. This research paper analyses the contribution of accountancy to national development using numerical indicators and diagrams related to government finance, MSMEs, taxation, and digital accounting reforms. The study concludes that accountancy acts as a silent but powerful driver in India’s journey towards becoming a developed nation.