Indian CEOs most optimistic in world: PWC survey

CEO confidence

Out of this, a massive 63 per cent said they are very confident, making them the second-most optimistic lot on this front after Russian CEOs (66 per cent). The confidence level of CEOs in India as well as Russia has gone higher on this front, from 55 per cent and 48 per cent respectively.

In the longer term, 97 per cent of Indian CEOs were found to be 'somewhat or very confident' of revenue growth over the next three years, out of which 85 per cent said they are very confident -- making them the most optimistic in the world.

About global economy, 38 per cent of Indian CEOs anticipate improvement in the global economy in 2013, which make them the most optimistic across the world.

However, global CEOs are not so gung-ho either about their own company's growth or the growth potential of India.

Listing the countries about whose growth they are very confident, the CEOs from across the world listed China on the top, while India was at the fifth place ranked below the US, Brazil and Germany.

In longer term, the confidence level of CEOs from the across the world has remained stable and 46 per cent of business heads globally said they are confident of growth

prospects in the next three years.

Releasing the survey, PriceWaterhouseCoppers International Chairman Dennis M Nally said that CEOs from across the world are cautious about their short-term growth prospects and the outlook for the global economy.

He listed reasons like over-regulation, government debt and capital market instability for decline in the confidence levels of CEOs globally in the past year.

The biggest threats cited by Indian CEOs included protectionist tendencies of national governments, exchange rate volatility, government's response to fiscal deficit and debt burden, and bribery and corruption.

For business threats, 81 per cent cited availability of key skills, inadequate basic infrastructure and increasing tax burden.

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