India Sees 17.7 per cent Increase in the Number of CFP Professionals

While pursuing careers that allow them to assist others on their financial journeys, Indians are seen to broaden their understanding of finance. India has witnessed a 17.7 per cent yearly increase in the number of CFPs. This increasing trend is demonstrated by the growing number of Certified Financial Planners.

Women are making significant progress in this field, currently representing approximately 22 per cent of all CFP professionals. FPSB India projects that this number will rise to 35 per cent by 2030.

Global Growth and India’s Position

The number of CFP professionals worldwide has grown by 3.1 per cent, with 6,878 new professionals joining the profession in the past year, as of December 31, 2024. There are currently 230,648 certified public accountants (CPAs) in 28 different countries who help people create financial plans to overcome obstacles and reach long-term financial objectives.

FPSB India’s Efforts to Expand CFP Education

FPSB India is enhancing CFP access through collaborations with institutes like IIMs, IIFT, and NISM. These initiatives seek to make organized financial planning information accessible to working professionals, students, and independent practitioners.

Also, it is anticipated that the partnership between FPSB India and the International Financial Services Centres Authority (IFSCA) at GIFT City will contribute to the development of a robust talent pipeline for the financial services sector in India. There will likely be a greater need for CFP specialists in the upcoming years as GIFT City develops into a major international financial center.

Krishan Mishra, CEO, FPSB India, said: “FPSB India has experienced an impressive 17.7 per cent growth rate, signalling a paradigm shift where financial planning is increasingly becoming a preferred career path for students, working professionals, and independent practitioners. As India’s economy continues its upward trajectory, the need for CFP Professionals who can offer comprehensive, holistic financial advice has never been more critical.”