fbpx
Emerging Trends Advisors Important Announcement! Emerging Trends Advisors Official Statement READ NOW

Level 18, Park Ventures Ecoplex,
57 Wireless Road, Bangkok,
Thailand 10330

Home » India » India 4th most attractive investment market for global CEOs: PwC survey

India 4th most attractive investment market for global CEOs: PwC survey

Jan 22, 2019 | Emerging Trends Advisors, India

The survey of more than 1,300 CEOs in 91 countries saw India's popularity falling marginally from 9 percent to 8 percent.

CEOs' confidence in global economic growth has dipped dramatically by a record jump in pessimism but India has emerged as 'the rising star' by surpassing the UK to become fourth most attractive destination, a PwC survey said Monday.

Released on the first day of the World Economic Forum (WEF) annual meeting, the survey also showed that China's popularity was falling among global CEOs but remained second most attractive after the US. However, both the countries saw their attractiveness dip sharply.

The survey of more than 1,300 CEOs in 91 countries saw India's popularity falling marginally from 9 percent to 8 percent.

The US topped with 27 percent (down from 46 percent last year), followed by China with 24 percent (down from 33 percent) and Germany at 13 percent (down from 20 percent).

However, 15 percent CEOs said, "they don't know" which was the market outside their home territory was the most attractive one for investment (up from 8 percent last year). This was only next to the US and China and higher than the percentage of CEOs naming India or Germany as the most attractive destination.

Make an Enquiry
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.


The percentage of CEOs saying there is "no other territory" also jumped sharply from 1 percent to 8 percent. "India is the rising star on the list of most attractive investment markets despite a slightly lower share of the votes," PwC said, adding it surpassed Japan last year and now it has overtaken the UK, which suffers from continuing uncertainty regarding Brexit.

It also said that India has always been the most buoyant territory in terms of CEO revenue confidence.

On overall confidence, the survey said nearly 30 percent of business leaders believe global economic growth would decline in the next 12 months, approximately six times the level of 5 percent last year to make it a record jump in pessimism.

This is in sharp contrast to a record jump on optimism about global economic growth from 29 percent to 57 percent last year. This has now fallen to 42 percent.

North American CEOs saw the biggest dip in optimism.

ETA Investment Banner

PwC Global Chairman Bob Moritz said the CEOs' views of the global economy mirror the major economic outlooks being adjusted downward.

With the rise of trade tensions and protectionism, it stands to reason that confidence is waning, he said while releasing the survey.

Confidence in short term revenue growth has also fallen sharply with only 35 percent saying they are very confident of their own company's growth prospects over the next 12 months.

The survey also found that 85 percent of CEOs believe that Artificial Intelligence would dramatically change their business over the next five years. Nearly two-third view AI as something that would have a larger impact than the Internet.

Article Source : moneycontrol
Leave a Reply

Login With Emerging Trends Advisors [ultimatemember_social_login id=237543] Or Register With Emerging Trends Advisor

Up to 15% Returns on Investment

Fixed return investments fully backed by properties.

*15% p.a. paid at the end of the term on capital gain option*

 

Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.

Thai Cannabis Industry sprouting New Investment Opportunities

Thai Cannabis Industry sprouting New Investment Opportunities

Thai Cannabis Industry sprouting New Investment Opportunities Policy to allow every Thai household to grow six marijuana plants for sale to the government is starting to take root.Thailand has built what’s being described as the biggest industrial-scale medical...

3,000 rai of land reclaimed | 330Billion Baht Investment

3,000 rai of land reclaimed | 330Billion Baht Investment

3,000 rai of land reclaimed | 330Billion Baht Investment A significant boost for the EEC and Si Racha District US energy company Exxon Mobil is committed to spending roughly 330 billion baht on its ethylene cracker and refinery expansion project in Si Racha District,...

UP TO 15% PER YEAR FIXED RETURN

 

Flexible Terms

3 year investment plan, ideal for first-time investors.

Flexible Payment Options

Option to receive interest payments monthly or quarterly.