The India jurisdictional profile has been updated to reflect the decision of the Insurance Regulatory and Development Authority of India to defer the effective date of the implementation of Indian Accounting Standards (Ind AS) for insurance companies from April 2018 to April 2020.

Ind AS are based on and are substantially converged with IFRS Standards as issued by the International Accounting Standards Board. However, there are some mandatory and some optional differences.

Profiles on the use of IFRS Standards in jurisdictions around the world are also available.