AI-ENABLED MICRO-AUDITS AND DIGITAL ACCOUNTING SKILLS FOR YOUTH ENTREPRENEURSHIP IN VIKSIT BHARAT

सार

In the emerging vision of Viksit Bharat 2047, youth entrepreneurship stands as a crucial driver of economic transformation. The rapid evolution of Artificial Intelligence (AI), digital accounting tools, and real-time financial analytics has revolutionized the way small businesses manage financial information. Among these innovations, AI-enabled micro-audits- continuous, automated, and data-driven auditing processes - offer an effective, low-cost mechanism for financial transparency and risk reduction for startups and micro-enterprises. This conceptual paper explores the role of AI-driven micro-audit systems and digital accounting skills in strengthening youth entrepreneurship in India. It examines how AI tools such as machine learning algorithms, anomaly detection models, cloud-based bookkeeping systems, and automated compliance solutions can empower youth entrepreneurs with enhanced financial control, cost efficiency, regulatory compliance, and improved decision-making abilities.

The paper also discusses the increasing need for digital accounting literacy, highlighting essential skills such as cloud bookkeeping, GST automation, AI-based reconciliation, digital payment tracking, and predictive financial analytics. Further, it connects these digital finance competencies with national missions including Skill India, Digital India, Startup India, and Make in India. The study emphasizes the importance of integrating AI-focused accounting skills into vocational education, community colleges, and entrepreneurship development programs. It concludes that AI-enabled micro-audits and digital accounting skills represent a transformative opportunity to expand youth employability, strengthen micro-business sustainability, and accelerate India’s journey towards becoming a Viksit Bharat by 2047.