A story over at Hindu.com addresses the curent state of the business valuation profession in India and the steps its leaders believe need to be taken to legitimize its market.  The Ministry of Company Affairs has been closely monitoring how the profession “took off” in the US, UK, Canada, and other major European countries. 

“To develop valuation profession in India, a systematic approach is needed to match the professionals in other developed countries. The corporate sector could then understand and scientifically quantify the growth of asset creation in the economy, using tools and techniques perfected elsewhere in the world. The valuation techniques can be standardised through scientific education and training, and codes of conduct, keeping the world standards in view”

It’s nice to see that the 2nd most populated country in the world is catching up to recognize, organize, and protect business owners with more legitimate business valuation practices.