Wednesday 22 January 2014

Indian CEOs most confident about economy: PwC survey

CEOs from across the world have become more optimistic about revenue gains of their companies and overall economic growth, with Indian business heads emerging as the most confident about economy and among top-5 globally for internal topline figures, a survey said today.

Besides, CEOs from across the world including in India plan to aggressively expand their workforce this year, even as their worries about over-regulation, fiscal deficits and tax policy have reached highest ever levels, the PwC survey said.

Releasing its annual CEO survey on the opening night of World Economic Forum here, global consultancy giant PwC stated that compared to last year twice as many CEOs around the world believe the global economy will improve in the next 12 months.

Moreover 39 per cent of chief executives are 'very confident' about their company's revenue growth in 2014.

India was ranked fourth in the list of countries/regional CEOs who are confident of revenue growth in the next 12 months' time, which was topped by Russia, followed by Mexico and Korea in the second and third place.

Commenting on the survey results, released at the opening of the World Economic Forum's annual meeting in Davos, Switzerland, Dennis M Nally, chairman of PricewaterhouseCoopers International, said "CEOs have begun to regain confidence." (Watch)

Mr Nally added that CEOs have successfully guided their companies through recession and now more CEOs feel positive about their ability to increase their revenues and prospects for the global economy. Read more..

Source: Hindi News

From NDTV News

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