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The Financial Planning Standards Board (FPSB) India data shows that India has 2731 Certified Financial Planners (CFPs). The number of new CFPs increased by 8.50% in one year, shows the data.
Globally too, the number of CFPs increased by 5.10% in one year. The number of CFP professionals went up by 10,768 to reach 223,770 in December 31, 2023.
In a press release, Krishna Mishra, CEO, FPSB India said, “This remarkable 8.5% surge reflects not only the growing demand for financial planning advice in our country but also underscores the increasing importance individuals place on securing their financial future. As India proudly ranks among the top 5 in global net growth rates, this achievement speaks volumes about our nation’s dedication to fostering financial literacy and stability.”
The data also compliments findings from the FPSB Value of Financial Planning Global Consumer Research 2023 that shows those who work with CFP practitioners report a better quality of life, enjoy more financial confidence and resilience and are more satisfied with their financial condition.
