Davos: The CEOs of Indian companies are found to be more optimistic in comparison to the CEOs of the companies functioning in other countries of the world. Indian CEOs are more hopeful of recovery from global economic slowdown. The CEO survey report has been presented by global consultancy firm PWC during WEF meet in Davos.

According to the survey, the confidence of CEOs for businesses and economies has deteriorated over the years. Contrary to that, the Indian CEOs are quite optimistic for better future.

Only thirty-six percent of the CEOs across the world are confident of good performance in 2013. However, forty percent of CEOs in 2012 and forty-eight percent CEOs in 2011 were confident of good performance.

Around twenty-eight percent of CEOs said that world economy may decline further. Only eighteen percent of CEOs looked optimistic for recovery in global economy. However, forty-eight percent CEOs were optimistic about global economy in the year 2012. These officials have admitted of volatility in the stock markets around the world.
Governments have not been able to control rising fiscal deficit. Tax burden is also increasing.

The survey results were quite different in Indian perspective. Ninety percent of CEOs were assured of revenue growth in next 12 months. It has been realised with increasing job opportunities in Indian companies. Attrition is quite low in comparison to companies functioning in other countries.

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JPN/Bureau

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