Moneycontrol and Deloitte’s survey of India’s top CEOs on their expectations from the budget and reform agenda from Modi 3.0
An overwhelming 91% per cent of CEOs polled in a Moneycontrol-Deloitte survey of 45 CEOs across industries have asked for an easier tax and compliance regime to make it easier to do business in India.
Intensifying geopolitical risks, export restrictions and uncertainty over trade policies are the other big worries for India Inc
Besides, 60 percent said digitisation efforts need to be enhanced and that the government must implement an online single window system for clearances, while integrating business procedures.
Around 53 percent of the CEOs say bold reforms to boost manufacturing and job prospects will be key to India’s growth
Over 61 percent of CEOs expressed the need for promoting R&D among domestic companies.
Another 35.6 percent anticipate an uptick in the economy by the end of the 2025-26
According to the Moneycontrol survey, 55% of the CEOs find the current valuations moderately overvalued, 22% as stretched, 21% as fairly valued, and 3% as undervalued.
Some 58 percent of the CEOs said that the government should promote R&D for domestic companies and support global R&D services that can build the talent pool and the upstream segment in the semiconductor sector
Around 38 percent of respondents suggested implementing uniform tax rates for long- and short-term capital gains to simplify the regime, indicating a desire for clarity and simplicity in tax calculations.
Cybersecurity and regulatory measures also top the list of worries for the CEOs as businesses try to keep up with fast-paced tech changes
The Moneycontrol-Deloitte CEO survey asked 78 CEOs across industries on their assessment of the reform agenda of the newly elected government. On being asked which reforms should be the government’s top priority to boost growth, 37 percent CEOs felt that investment and trade reforms, higher exports and foreign investments should be on focus
The survey shows a significant interest in enhancing digitisation efforts and implementing an online single-window system to streamline clearances and integrate business procedures
An exclusive Moneycontrol-Deloitte survey of 78 CEOs/CXOs shows strong optimism about government reforms, with 80 percent expressing confidence in India's economic growth trajectory
Moneycontrol surveyed over 50 CEOs in the run up to the Budget. The survey findings show that Indian CEOs are very optimistic about the India story but say that the government should step aside and let markets flourish. Watch Shweta Punj in conversation with Mohandas Pai, former CFO of Infosys and Chairman of Aarin Capital; D K Joshi, Economist; and Rohinton Sidhwa, Partner, Deloitte India. Watch live here on Moneycontrol to know more.
The Moneycontrol CEO Survey takes the pulse of the corporate sector on the Indian economy. It tries to understand, through precise and simple questions, what Indian companies’ views are about the current economic situation
In a mood check on the state of the economy and to get a sense of India Inc’s outlook, Moneycontrol polled 50+ CEOs. How do the perspectives of top Indian CEOs in different sectors like technology, manufacturing, & key reforms, differ on the Indian economy's prospects? Watch Moneycontrol’s special coverage on the state of the economy ahead of the interim budget 2024.
A Moneycontrol survey of more than 50 Indian CEOs in January, days ahead of the interim budget, reveals that most business heads expect to be working with the same levels of interest rates and inflation in the first half of 2024
Ahead of the release of Interim Budget, Moneycontrol spoke to 53 CEOs to understand how the India Inc is viewing the country's economy. Around 47% among them are "very optimistic" about the business sentiment, and nearly 70% said they plan to invest in the next six months. Here's more
The survey showed that 47.2 percent of CEOs were optimistic, and nearly 51 percent were cautiously optimistic about current economic trends. Additionally, nearly 70 percent of Indian businesses plan to make fresh investments in the next six months amid stronger corporate and bank balance sheets and the government’s capital expenditure push.
The CEOs said that ease of doing business is crucial, and bold reforms that can speed up approvals will help unleash growth. They explained that boosting consumer demand across sectors can generate more jobs.
Global giants, including Tesla, are said to be betting on India becoming a key manufacturing hub. Such companies have been exploring opportunities to set up factories here, as then they can also take advantage of the country’s growing domestic market.
A Moneycontrol survey of more than 50 Indian CEOs in January, days before the presentation of the interim budget, revealed a surge in optimism, with 70 percent planning substantial investments over the next six months, 49 percent indicating ambitious hiring initiatives, and 47 percent 'very optimistic' about the Indian economy.
In an interview after the release of a global survey of CEOs, PwC Global Chairman Bob Moritz and India Chairman Sanjeev Krishan spoke about the opportunity in India currently.
A huge 95 percent of CEOs realise that a sustainable development agenda is needed and for that, some action is called for.