Skip to content

Sources

Sources

Where every figure on this site comes from.

Every figure on this site, with where it comes from and what it does and doesn't show.

Retrieved 21 September 2026.

  1. 01

    Up to 70% less manual work; 60 to 80% of routine accounting work can be automated

    McKinsey & Company, "Bots, algorithms, and the future of the finance function", McKinsey Quarterly, January 2018

    Technologies available today can fully automate 42% of finance activities and mostly automate a further 19%; transactional sub-functions such as general accounting operations reach roughly 75 to 80%. These are estimates of what can be automated, not measured savings.

  2. 02

    2x to 5x the clients, same team

    Nootus estimate. Independent research: Choi and Xie, "Human + AI in Accounting: Early Evidence from the Field", MIT Sloan and Stanford, 2025

    The range is Nootus's own estimate for firms that move routine work to AI. The field study found accountants using AI supported 55% more clients per week and closed monthly books 7.5 days faster.

  3. 03

    Most firms juggle 7 to 12 tools

    Intuit QuickBooks, Accountant Technology Survey 2025 and 2026

    The average firm uses 8 tools (2025) and 10 apps (2026); one in three uses 11 or more, and only 41% say their tools are fully integrated. Survey of US firms.

  4. 04

    India will need 30 lakh CAs by 2047. It has about 5 lakh

    The Institute of Chartered Accountants of India, MSME and Startup Conclave 2025

    Stated by the ICAI President.

  5. 05

    4.2 lakh+ Chartered Accountants

    ICAI, 76th Annual Report and Accounts, 2024-25

    4,23,105 members on 1 April 2025, of whom 1,54,552 were in full-time practice.

  6. 06
  7. 07

    1.65 crore GST taxpayers

    Press Information Bureau, "Nine Years of GST", 1 July 2026

    Up from 66.5 lakh in 2017 to 1.65 crore in May 2026.

  8. 08

    7.8 crore+ income tax returns a year

    Income Tax Department, statement of 1 September 2026

    More than 7.8 crore ITRs filed for AY 2026-27 by 31 August 2026.

  9. 09

    7.8 crore+ registered enterprises

    Press Information Bureau, Ministry of MSME, PRID 2246892

    7.83 crore enterprises on the Udyam Registration Portal and Udyam Assist Platform as of 28 February 2026.

  10. 10

    About 5 hours a week lost to re-entering and reconciling data across tools

    Intuit QuickBooks, Accountant Technology Survey 2026

    Survey of US firms.

  11. 11

    Nootus is incubated at CIE-IIIT Hyderabad, the largest academic incubator in the country

    Centre for Innovation & Entrepreneurship (CIE), IIIT Hyderabad, "About"

    CIE's own description: it "has since grown to be the largest academic incubator in the country". The same page also calls it one of the largest academic technology incubators in India.

Our own arithmetic

Nootus's own arithmetic from sources 5, 7 and 8: about 500 income tax returns and about 100 GST taxpayers for every practising CA.