India among top investment hubs

13% of global CEOs prefer higher investments in country: PwC survey

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INDIA'S ATTRACTIVENESS AS an investment destination is on the rise, with 13% of global business leaders preferring higher investments in the country in the next 12 months, according to PwC’s 29th Annual Global CEO Survey.

The renewed interest puts India among top investment destinations — only behind the US, in league with the UK and Germany, and ahead of China, the UAE, France and Saudi Arabia —according to the survey, released during the World Economic Forum Annual Meeting in Davos on Tuesday.

It also found that Indian CEOs remain more optimistic about growth prospects than their global counterparts, but that confidence is increasingly tempered by caution over rising risks, slower global momentum and the speed of technological change.

The survey, based on responses from nearly 50 Indian CEOs and over 4,400 executives globally, shows that 77% of Indian business leaders expect economic growth in the country to improve over the next 12 months, significantly higher than the 55% global average. Confidence in revenue growth also remains stronger in India, with 57% of CEOs saying they are very or extremely confident about near-term revenue prospects, almost double the global figure.