Learn, Grow, Succeed: Where Knowledge Meets Opportunity.

Welcome to the AGMS Academy

A few professionals with decades old experience and specialized expertise in Finance and Tax joined hands to pursue a long-cherished idea of bridging the knowledge gap in Finance and Tax in the society at large. AGMS Academy, a trust registered on 25th June 2021 under the Indian Trust Act, 1882, was formed with the sole purpose of improving Finance and Tax literacy of the citizens of our country. It has also received registration under Section 80G and 12A of the Income-tax Act, 1961.

Before we proceed further to elaborate how AGMS Academy spreads awareness on Financial Management and Taxation system by providing necessary education through public dissemination of its research and arranging training for skill development, it is important to highlight how the country has been transforming in the recent past and why is it critically important to work dedicatedly in this area of Finance and Tax literacy.

The background

India is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). This is particularly commendable amid rising global risks and when the world has just recovered from the Covid-19 shock. Due to its persistent resilience in financial and tax compliances with the help of advanced technology solutions backed up by robust digital public infrastructure, the country has moved up significantly in the global index in ease of doing business.

Both Nominal and Real GDP measure the total value of goods and services produced in a country in a financial year. Real GDP is adjusted for inflation, but nominal GDP is not. Nominal GDP is calculated using current prices, while real GDP is computed on constant prices. Thus, real GDP is better than nominal GDP for making periodic comparisons of a country's production of goods and services over different years. India seems to have moved to a higher-growth trajectory in real GDP where 7.5% appears to be the New Normal.

Another important factor is Literacy that leads to enhancement of a country’s human capital while simultaneously reducing the economic inequality and the income disparity. 2011 census reported literacy rate in India as 74% with a 14% increase to that in 2001, whereas the hike is maximum for rural women at 26% in the last decade.

India has been deploying technology and relentlessly investing in digital public infrastructure like UPI to boost its ability to continue growing faster than other major economies. The country’s use of technology has also had a positive impact on society and it holds the promise of fostering inclusive growth. As a rapidly growing digital economy, the country has been successfully bringing the unorganized sectors into the formal economy. Online transactions are consistently gaining traction among ordinary citizens.

Economic reforms will keep the growth going. Strengthening the right of creditors with time-bound processes through the introduction of IBC [Insolvency and Bankruptcy Code, 2016], creating a single national market with the GST in 2017 which also attempts to consolidate indirect tax levy in the country under one umbrella tax, and transferring benefit directly through the JanDhan – Aadhar – Mobile route did certainly pay off. Reduction in corporate tax rates to globally competitive levels, introduction of PLI [Production Linked Incentive] and vast improvement in transportation infrastructure will sustain the high growth momentum in the manufacturing sector as well.

Way ahead

Appreciating the ground realities and future opportunities, the AGMS Academy has adopted two-pronged strategy to bridge the knowledge gap.

Public dissemination of research- The Academy finds complex topics in Financial Management and Taxation Systems by tracking ongoing litigations, upcoming compliances and new developments, undertakes solid research to further break it down and disseminates guidance through blogs, videos, webinars and workshops.
Customized training for skill development- The Academy delivers meticulously crafted training sessions for a holistic understanding of a topic on Financial Management or Tax related issues. These customised trainings are designed in a modular fashion and delivered in a collaborative manner, both online and offline, by engaging experts in the relevant fields with core experience of minimum 10 years.