Does the adoption of Ind AS affect the performance of firms in India?

The increasing prevalence of IFRS adoption has resulted in enhanced transparency, accounting quality, and comparability financial information among firms, especially emerging markets worldwide, including India. Nonetheless, the question whether led to improved firm performance persists. To address this question, study examines impact transitioning from India’s GAAP-based standards IFRS-converged (Ind AS) on non-financial firms’ 2013 2022. empirical findings reveal that convergence Indian with significantly improves performance, as demonstrated by a positive coefficient 0.0166 for Ind AS fixed-effect model. also validates original using return equity (ROE) measure which yielded 0.0197, further confirming leads an increase firms. These results contribute new insights existing literature have implications policymakers managers.