Is the B.Com degree from IGNOU as per MOU between ICAI and IGNOU recognised internationally?

According to MoU, the degree is given after IPCC/PCC and completion of 3 years of articles. Also, you will have to appear for some exams of both IGNOU and ICAI. The marks of both exams are aggregated. Then your BCom grade is decided on this basis.

As far as international recognition is concerned, it’s better you consult the university you are planning to get higher studies. Most universities abroad prefer a minimum college education of 4 years. Whether or not an open university is qualified, depends on the particular county