Notwithstanding the shocking fall of Indian Stock markets, top Indian CEO’s are predominantly quite confident about their company’s future in next 12 months.
According to the CEO survey done by consulting firm PriceWaterouseCoopers, Indian CEO’s are most confident about the growth prospects followed by Chinese.
More than 90% of Indian and 73% of Chinese CEOs thought very positively about their growth prospects. However, their US and UK counterparts seemed to be low on confidence.
While only 36% of the American CEOs were very confident of revenue growth over the next 12 months, compared to 54% last year, in the UK it was 43%, down from last year’s 50%. Thirty-five percent of CEOs in North America were very confident about growth, compared to 53% last year; 44% of Western European CEOs were very confident compared to 52% the previous year, a PWC statement said.
In contrast, more Chinese CEOs were very confident of revenue growth this year with their proportion rising from 60% in the last survey to 73% this year. In India, the optimism level seems even higher with 90% CEOs saying they were very confident about growth prospects in the next 12 months
Also, 70% of CEOs in India were confident about the revenue growth in the next three years compared to 42% globally, while 90% were looking for internally generated cash flows to finance growth compared to 82% globally. But energy cost was a big worry with 77% of the Indian chiefs saying they were extremely concerned about rising energy cost impacting their business growth, compared to 28% CEOs globally