Financial executives across India, Asia and Australia feel the outlook for economic recovery is bright, compared with their peers in other countries, and plan to invest in growth by actively tapping new markets, a survey has found.
The annual American Express-CFO survey said about 78 per cent of finance executives from India expect economic growth in the year ahead, while globally it is 71 per cent. Only 10 per cent expect contraction.
“We’re seeing a significant shift to a more positive outlook among finance executives as companies have moved from simply surviving the present to investing in growth for the future,” said Manoj Adlakha, Head, Global Commercial Card, American Express, India.
About 85 per cent of Indian executives surveyed are planning to increase their headcount during the year, while 95 per cent expect their companies to increase capital spending. The survey was conducted among 479 senior executives at large international companies in the US, Canada, Mexico, Europe, Asia and Australia.