India has been adjudged as the 5th most attractive market for investments in a survey of CEOs conducted by consulting firm Pricewaterhouse Coopers (PwC).
Highlights of PwC’s 21st CEO Survey:
In the survey, around 9 per cent of global CEOs consider India as one of the most important countries for growth.
- Interestingly India ranked above Japan which received 8 per cent share.
- PwC has stated that foreign direct investment (FDI) in India surged 17 per cent to over $25 billion during the first half of FY 2017-18. This surge can largely be attributed to opening up of several key sectors over the last few years.
- However it outlined that private investment in India has remained muted due to excess capacity and high financial stress.
- PwC India Chairman Shyamal Mukherjee has stated that recent structural reforms undertaken by Government have placed India in favourable spot during last one year.
- US topped the list with 46 per cent of global CEOs considering it as most important country for growth.
- Overall, for the period of next 12 months, the CEO’s expressed faith and optimism in the global economic and business environment.
- 54 per cent of the CEOs who participated in the survey are planning to increase their headcount during 2018 while only 18 per cent expect to reduce their staff.
- Health care, business services, technology, communications, hospitality and leisure are the sectors that are expected to see high demand for new recruits.
- Despite of the prevailing optimism, 40 per cent of CEOs have identified geopolitical uncertainty and cyber threats as areas of extreme concern.
Top 5 Most Attractive Markets for Investment:
Quick Facts about PricewaterhouseCoopers (PwC):
♦ Founded in – 1998
♦ Headquarters – London, UK
♦ Current Chairman – Robert Mortiz