CEOs in India are among the most confident lot when it comes to short-term revenue growth and also have ambitious hiring plans for the next 12 months, says a global survey by PwC.(HT Archive)
CEOs in India are among the most confident lot when it comes to short-term revenue growth and also have ambitious hiring plans for the next 12 months, says a global survey by PwC.(HT Archive)

Indian CEOs predict strong growth and more jobs: Survey

Chief executives officers in India are among the most confident lot when it comes to short-term revenue growth and also have ambitious hiring plans for the next 12 months, says a survey released today.
By HT Correspondent | Hindustan Times
UPDATED ON JAN 17, 2017 11:38 AM IST

CEOs in India are among the most confident lot when it comes to short-term revenue growth in their companies and based on it have ambitious hiring plans for the next 12 months, says a global survey.

Global consultancy PwC’s 20th annual survey of CEOs worldwide showed that as many as 38% are very confident about their company’s growth prospects in the next 12 months compared to 35% seen last year.

Around 29% believe that global economic growth would pick up in 2017.

“In sharp contrast to 2016, CEO’s confidence in their own one year revenue growth is on the rise in nearly every major country across the world ... with India (71%), Brazil, where confidence levels have more than doubled (57%), Australia (43%) and the UK (41%) topping the table,” it said.

As per the survey released at the World Economic Forum (WEF) annual meeting, while business leaders are more positive in their outlook, their levels of concern about economic uncertainty (82%), over-regulation (80%) and availability of key skills (77%) remain very high.

Worries about protectionism are also growing, with 59% of the respondents concerned about it.

Preparing to increase their head count, majority of the CEOs in India have ambitious hiring plans.

“Over half of CEOs (52% vs 48% in 2016) expect to increase head count over next 12 months. The UK (63 %), China (60%), India (67%) and Canada (64%) are amongst those with the most ambitious hiring plans,” the report said.

The findings are based on a survey of 1,379 CEOs between September and December 2016. Out of the respondents, 57% worked in privately-owned companies, 43% in publicly-listed firms. Around 36% of them worked at companies with revenues of more than $1 billion per annum.

PwC Global Chairman Bob Moritz said CEOs are concerned that key skill shortages would impair their company’s growth potential, relevance and sustainability.

“Managing expectations with stakeholders will help enable the needed trust to survive and thrive. Bottom line -- prioritising the human element in a more virtual world will be a pre-requisite for future success,” he said.

SHARE THIS ARTICLE ON
app
Close
Intel headquarters in Santa Clara, California, US(Bloomberg)
Intel headquarters in Santa Clara, California, US(Bloomberg)

Intel probes potential early unauthorized access to earnings report

Bloomberg
PUBLISHED ON JAN 22, 2021 07:43 AM IST
The stock fell almost 5% in extended trading after the company’s new CEO committed to in-house manufacturing during a conference call with analysts.
Close
The central bank cut policy rates by 115 basis points last year to support the recovery but it has left rates unchanged in recent months due to rising inflation.(Mint file photo)
The central bank cut policy rates by 115 basis points last year to support the recovery but it has left rates unchanged in recent months due to rising inflation.(Mint file photo)

‘Economic recovery seeing phoenix-like rise’

By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON JAN 22, 2021 06:13 AM IST
The Indian economy shrank 23.9% in the first quarter and 7.5% in the second quarter on account of the Covid-19 pandemic. RBI expects the economy to contract by 7.5% in the current fiscal to March.
Close
Indian corporate earnings have been muted in the decade gone by.(MINT_PRINT)
Indian corporate earnings have been muted in the decade gone by.(MINT_PRINT)

Sensex may breach 100k in 5 years as reforms take hold

By Nasrin Sultana, Livemint, Mumbai
PUBLISHED ON JAN 22, 2021 06:03 AM IST
Foreign institutional investors led the investments in Indian markets in 2010-20. During the decade, FII investments in Indian equities stood at $107.38 billion, with only four years of outflows
Close
FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration//File Photo(REUTERS)
FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration//File Photo(REUTERS)

Bitcoin drops close to $30,000 mark as head-turning rally stalls

Bloomberg
PUBLISHED ON JAN 22, 2021 05:58 AM IST
Bitcoin has seen a stellar rally as prices more than doubled after passing $20,000 for the first time in December.
Close
Each of the four startups will get <span class='webrupee'>₹</span>5 lakh as marketing assistance over a period of one year to launch Minimum Viable Product in the market, an official release said.(Hemant Mishra/Mint Archive)
Each of the four startups will get 5 lakh as marketing assistance over a period of one year to launch Minimum Viable Product in the market, an official release said.(Hemant Mishra/Mint Archive)

UP govt gives 5 lakh marketing assistance to four startups under new policy

ANI, Lucknow
PUBLISHED ON JAN 22, 2021 05:35 AM IST
In a boost to 'Start In UP' programme under the new UP Startup Policy-2020, the Policy Implementation Unit (PIU) approved marketing assistance to four startups on Thursday.
Close
The Sensex lost around 40% from its peak in mid-January 2020 till March 2020.(PTI photo)
The Sensex lost around 40% from its peak in mid-January 2020 till March 2020.(PTI photo)

BSE Sensex: From 1,000 to 50,000 in 30 years

By Vineet Sachdev
UPDATED ON JAN 22, 2021 04:05 AM IST
The Sensex has nearly doubled from its lows in March and has risen nearly 50 times in three decades — the benchmark was on 999 on January 1, 1991.
Close
British Prime Minister Boris Johnson’s spokesman, Jamie Davies, said the Foreign Office was in talks with the EU about “the long-term arrangements for the EU delegation in the U.K.”(REUTERS)
British Prime Minister Boris Johnson’s spokesman, Jamie Davies, said the Foreign Office was in talks with the EU about “the long-term arrangements for the EU delegation in the U.K.”(REUTERS)

UK, EU in spat over diplomatic status of bloc's ambassador

AP, London
UPDATED ON JAN 21, 2021 11:22 PM IST
Joao Vale de Almeida is the 27-nation EU’s envoy to the U.K., which left the bloc last year. The EU says he should be given the same status as a national ambassador, like the rest of the bloc's 143 envoys around the world.
Close
A Twitter logo is seen outside the company headquarters in San Francisco, California, US. (Reuters Photo)(REUTERS)
A Twitter logo is seen outside the company headquarters in San Francisco, California, US. (Reuters Photo)(REUTERS)

Twitter to restart giving blue ticks from January 22: All you need to know

Written by Poulomi Ghosh
PUBLISHED ON JAN 21, 2021 10:20 PM IST
In 2017, the micro-blogging platform stopped its verification programme saying it felt arbitrary and confusing to many people.
Close
The RBI, however, said the views expressed in this article are those of the authors and do not necessarily represent the views of the central bank.(Mint file photo)
The RBI, however, said the views expressed in this article are those of the authors and do not necessarily represent the views of the central bank.(Mint file photo)

India within striking distance of attaining positive growth, says RBI

PTI, Mumbai
PUBLISHED ON JAN 21, 2021 08:25 PM IST
The economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the Covid-19 pandemic.
Close
Saudi shipments to China in 2020 were rose 1.9% from a year earlier to 84.92 million tonnes. In picture - Saudi Aramco's Ras Tanura oil refinery and oil terminal.(Reuters)
Saudi shipments to China in 2020 were rose 1.9% from a year earlier to 84.92 million tonnes. In picture - Saudi Aramco's Ras Tanura oil refinery and oil terminal.(Reuters)

Saudi Aramco excludes emissions data in disclosures to investors

Reuters
PUBLISHED ON JAN 21, 2021 05:43 PM IST
The world's biggest oil company's self-reported carbon footprint might nearly double, adding as much as 55 million metric tons of carbon dioxide equivalent to its annual tally, if those facilities are included, according to the report.
Close
Bank deposits and insurance/pensions form 14 per cent each of the total household savings. (Sonu Mehta/HT file photo)
Bank deposits and insurance/pensions form 14 per cent each of the total household savings. (Sonu Mehta/HT file photo)

$200 bn extra savings, lockdown boosts household savings to 20-yr high: Report

PTI, Mumbai
PUBLISHED ON JAN 21, 2021 05:40 PM IST
Historically households have been funding a third of the capital formation of the rest of the economy.
Close
On Thursday, the rupee spurted 24 paise to end at a nearly four-month high of 73.07 against the US dollar.(REUTERS)
On Thursday, the rupee spurted 24 paise to end at a nearly four-month high of 73.07 against the US dollar.(REUTERS)

Rupee gains 6 paise to close near 5-month high of 72.99 vs USD

PTI, Mumbai
PUBLISHED ON JAN 21, 2021 05:28 PM IST
It finally closed higher by 6 paise at 72.99 to the dollar, a level not seen since September 1, 2020.
Close
Representational image. (Getty Images/iStockphoto)
Representational image. (Getty Images/iStockphoto)

Budget 2021: CII seeks customs duty exemption for defence imports in pvt sector

PUBLISHED ON JAN 21, 2021 05:03 PM IST
The industry body said the taxes were affecting the private sector’s competitiveness across all projects, especially “large value, long-gestation period” programmes such as shipbuilding
Close
Titan was the top loser in the Sensex pack, shedding around 2 per cent, followed by Nestle India, HUL, HCL Tech, Infosys, ITC and Kotak Bank.(PTI)
Titan was the top loser in the Sensex pack, shedding around 2 per cent, followed by Nestle India, HUL, HCL Tech, Infosys, ITC and Kotak Bank.(PTI)

Sensex breaches 50k-mark, ends lower on profit-booking

PTI, Mumbai
UPDATED ON JAN 21, 2021 04:24 PM IST
The broader NSE Nifty slipped 54.35 points or 0.37 per cent to close at 14,590.35.
Close
Bharat Petroleum Corp. Ltd is India’s second-largest fuel retailer with a 25.77% market share.ramesh pathania/mint(MINT_PRINT)
Bharat Petroleum Corp. Ltd is India’s second-largest fuel retailer with a 25.77% market share.ramesh pathania/mint(MINT_PRINT)

India still hopes oil majors will join race for biggest sale

Bloomberg
PUBLISHED ON JAN 21, 2021 02:47 PM IST
The planned $6.5 billion sale of the government’s 53% stake in the refiner will be India’s first big-ticket transaction in over a decade.
Close
SHARE
Story Saved
OPEN APP