IND AS Impact

The Indian Accounting Standards (Ind AS) are reality now. The companies covered under the Phase-I of the roadmap issued by the Ministry of Corporate Affairs are already under-going the mandatory phase of implementation. Phase-II companies and certain other class of companies (eg Banks, Insurance Companies and Non-Banking Financial Companies) would implement these soon in near future. Being the paradigm change as compared to existing accounting practice, Ind AS would impact every facet of each sector in one way or the other.

As a quick reference guide for the key identified sectors, Mazars has developed a series of short industry specific publications. The purpose of these publications is to acquaint the readers with the key statistics and significant Ind AS focus areas about that specific sector. 


Infrastructure has been recognized by the government as a key enabler for achieving India’s high GDP targets. In the annual Union Budget 2017-18, this sector was allocated ₹3,96,135 cr. Additional funding will be raised through tax-free infrastructure bonds. Ports, railways, roads, power, airports etc. are included in this sector.

Read more


The Real Estate sector in India is one of the biggest employment generator after agriculture. This sector comprises of 4 sub-sectors viz. Residential, Commercial, Retail and Hospitality. The housing sector itself contributes about 5-6% to the GDP. The industry was valued at $93.8bn in 2014 and is expected to grow with a CAGR 9.8% to reach $180bn by 2020.

Read more

IND AS Impact | Automotive Sector

India is the seventh largest automobile manufacturer in the world, ranking 1st and 2nd in production of three wheelers and two wheelers respectively. It also accounts for a third of all small car manufactured in the world.

Read more