International Journal of E-Government & E-Business Research
Online ISSN : 2456-8295
Frequency : Half Yearly
Current Issue : Volume 10 , Issue 2
2025
Dr. Nitasha Khatri
Dr. Nitasha Khatri, Assistant Professor & Former HoD, Department of Commerce, St. Xavier’s College Jaipur Rajasthan
DOI : https://doi.org/10.5281/zenodo.20458712 Page No : 57-74
Published Online : 2025-12-02
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ABSTRACT
The rapid proliferation of Artificial Intelligence (AI) technologies is fundamentally reshaping financial accounting practices across the globe. India, as one of the world's fastest-growing digital economies, stands at a critical juncture in this transformation. This paper examines the multifaceted impact of AI on financial accounting practices in India, exploring automation of routine tasks, enhanced audit and compliance capabilities, AI-driven fraud detection, and the evolving role of accounting professionals. Drawing on secondary data, market reports, and published research spanning 2020–2025, the paper provides a comprehensive statistical analysis of AI adoption trends, quantifies cost and efficiency gains, and maps key sector-wise deployment. The study finds that AI adoption in Indian accounting is accelerating—driven by GST digitization, RBI regulatory mandates, and the ICAI's AI curriculum initiatives —yet faces significant barriers including data privacy concerns, infrastructure gaps, skill shortages, and ethical risks. The paper concludes with a forward-looking framework for harnessing AI responsibly in Indian financial accounting.
Keywords: Artificial Intelligence, Financial Accounting, India, Machine Learning, RPA, GST, Fraud Detection, Audit Automation, ICAI, Fintech.
Int. J. of E-Gov. & E-Busi Res