India's CA Results Declared (2009-2010)

                      

My hearty congratulations to all the students who hgave succesfully passed the Chartered Accountancy Exams for the session 2009-2010.
But I really find it difficult to believe that the results for the Chartered Acountancy(CA) exams conducted by the Institute of Chartered Accountants of India(ICAI) are so poor in my opinion, most probably the reason being the  very high level of difficulty in its papers.
But just have a look at the link posted.
There are 310 ICAI centrer across India's 28 states and 7 Unin Territories. From among 1,27,643 students appearing for the CA entrance test, only 487 students end up passing the CA final exams. What the hell is going wrong with the CA results. It's becoming narrower and narrower....
In my opinion, the results are so low because passing is based on the economic play of market forces(DEMAND & SUPPLY).....As the demand for CA's in India rises, the ICAI increases the pass rate, resulting in more number of CA's...and if the demand falls, the ICAI decreases the pass rate, resulting in fewer CA's.....
So this leads to the understanding that students appearing for CA exams are purposely failed by the ICAI even if they don't deserve to have failed....
I believe that this matter must be looked over by the higher authorities.
Is such a case prevalent in the UK's ACCA or the USA's CPA? I guess not...Because there, students pass only if they deserve to have passed...which isn't the case in India.
Also, I believe that the Indian CA institute has a goal of becoming the best in the world with the best CA's....because till now, there isn't a proper college for foreign CA courses in India...this means that to keep up with the interest of the ICAI's goal, can be CA's are failed....isn't this illogical.....??
But in India, all this has a different perspective...." THE COMPETITION HAS INCREASED " among the appearing students motivating them to work harder than everyone else.....and excel in the field....so this is generating highly competent and skilled CA's in India...which is the positive side of this topic....but the negative still remains.........
What can be done?
I have no answer for that....


India has a lot of highly skilled and competent people.....!!!!
And I am proud of it...!!