Abstract This paper examines how accounting reforms and enhanced financial transparency can contribute to achieving the government’s long-term strategic goal of Viksit Bharat by 2047. The study explores the evolution of accounting reforms, the importance of financial transparency in public and private sectors, and how these elements influence governance, accountability, economic growth, and investor confidence. Using secondary data from government policies, professional bodies, and empirical studies, it highlights gaps in current practices and recommends reforms to strengthen financial reporting, governance standards, and transparency mechanisms. The findings suggest that effective accounting reforms and commitment to transparency can significantly bolster economic development and ethical governance required for Viksit Bharat.
CMA Krishnamurthy Velar (Sat,) studied this question.