New Delhi, Mar 25 : India leads the world in economic confidence and plans biggest increase for investment and spending, as reported by Indian finance leaders, in the eighth annual Global Business and Spending Monitor– a survey of global finance leaders by American Express, carried out in partnership with CFO Research.
A resounding 94% of Indian finance leaders surveyed expect to see economic expansion. A similar number, 94%, expect to increase spending and investment either aggressively or moderately.
85% of companies, surveyed from India, reported revenues higher than last year and 74% of them expect to continue their growth story due to the improved economic sentiment in the country.
At 38%, the survey found India’s finance leaders twice as bullish as their global peers (worldwide average 17%)to boost top-line revenues by spending and investing aggressively. In comparison, 28% of finance leaders from China see aggressive investment and spending ahead. India also leads the way in terms of improving production efficiency and business intelligence and analytics with 45% of respondents planning increased investment.
Saru Kaushal, Country Business Head, Global Corporate Payments, American Express said,”The survey endorses the high level of optimism around the domestic economy. It appears companies are enthused by the development agenda of the government and planning to increase spending and investment across business functions while seeking gains in productivity and efficiency.
“As a global leader in payment, American Express works with businesses to help them find the expense management solutions that can best meet their needs. While senior finance executives focus on smart strategies to drive future growth for their businesses, we partner to streamline processes and transform them into opportunities for savings, control, and efficiency.” added Kaushal.