“RISE India - Reposition India and CMAs, Intensify Growth, Strengthen Competence & Enhance Capabilities”
As India accelerates toward the vision of Viksit Bharat 2047, the role of Cost and Management Accountants (CMAs) is becoming increasingly pivotal. The economic landscape is being reshaped by digital transformation, industrial expansion, sustainability imperatives and an evolving governance ecosystem. Businesses are demanding sharper insights, stronger financial discipline and integrated decision-making frameworks, areas where CMAs bring unmatched expertise.
The 63rd NCMAC 2026 is designed to empower the profession for the next frontier. The central theme “RISE India” reflects a national aspiration and a professional mission:
- Repositioning India and CMAs
- Intensifying Growth of the Professions
- Strengthening Competencies
- Enhancing our capabilities for Manufacturing & Service Leadership
Aligned to this vision, the Convention is structured into four sub-themes that encapsulate the RISE framework.
Track 1: Repositioning India and CMAs
India's march toward 2047 demands a new identity for CMAs, one rooted in thought leadership, policy contribution and global recognition. Repositioning the CMA brand involves articulating the profession's strategic value in shaping economic policy, transforming industries and fostering transparent, efficient and sustainable business ecosystems. Key areas of deliberation include:
- CMA leadership for Viksit Bharat 2047
- Strengthening the CMA identity in policy, industry & international platforms
- Expanding CMA contribution in economic reforms & nation-building
- Greater roles in AI, ESG, sustainability, green finance & emerging sectors
Track 2: Intensifying Growth of the Professions
The next two decades offer unprecedented opportunities for CMAs to occupy leadership roles across consulting, advisory and strategic management. Industrial expansion, digital transformation, supply chain modernization and capital-intensive national programs require expert cost strategists and performance leaders. Focus areas under this track include:
- Rising potential of consultancy, MDP models & global professional firms
- CMAs as strategic partners in MSME, startups & Digital India initiatives
- Enhancing competitiveness through innovation & cost optimisation
- Opportunities in Gati Shakti, PLI schemes & Make in India sectors
Track 3: Strengthening Competence & Capability
As global business ecosystems move toward digital and sustainable models, professional competence must evolve. CMAs are uniquely positioned to integrate financial intelligence with technology, analytics and sustainability frameworks. Key areas include:
- Digital Transformation through mastering AI, Blockchain, Data Analytics & automation
- CMA leadership in Integrated Reporting, sustainability & climate finance
- Updates on ICMAI reforms, CAASB standards & cost audit expansion
- Global benchmarking with leading management accounting bodies
Track 4: Enhancing Capabilities for Manufacturing & Service Leadership
India's ambition to become a global manufacturing and services hub demands advanced costing, operational excellence, and strategic performance tools—areas where CMAs can lead with authority. This track covers critical sectoral capabilities, including:
- Cost leadership in logistics, healthcare, energy, aviation, ports, telecom
- New-age costing for Industry 4.0 & 5.0 and smart manufacturing
- Lean operations, solvent recovery & energy optimisation in process industries
- Strategic costing for IT, BFSI, e-commerce, telecom & service sectors
The 63rd NCMAC 2026 aims to redefine the professional roadmap for CMAs as India progresses toward its centenary of independence. The RISE framework provides a comprehensive blueprint for the profession to elevate its influence, innovate its practices, strengthen its core and expand into new frontiers.
By embracing this vision, the CMA professionals stand poised to play a transformative role in shaping RISE India, where financial integrity, operational excellence, strategic foresight and sustainable development form the pillars of national progress.