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CEOs in Russia, India, China “very confident”- PwC
January 22, 2014, 7:26 am

Chief executives of major companies in BRICS attend the BRICS Business Council meet in Johannesburg in August [GCIS]

Chief executives of major companies in BRICS attend the BRICS Business Council meet in Johannesburg in August [GCIS]

BRICS nations Russia, India and China are in the top 5 countries where CEOs are “very confident” about revenue gains for their companies in the next 12 months, as per a new PricewaterhouseCoopers (PwC) study.

The list is topped by Russia while India and China are ranked 4th and 5th respectively.

According to PwC’s 17th Annual Global CEO survey, released by the World Economic Forum in Davos, 53 per cent of Russian business heads are very confident about the revenue growth in 2014.

49 per cent of Indian CEOs polled while 48% of business heads from China/Hong Kong said they are buoyant about growth, higher than the global average of 39 per cent.

Mexico (51 per cent) and South Korea (50 per cent) held the second and third position. Brazil is at 7th position with 42% of CEOs showing confidence in growth in revenues in the next 12 months.

In the longer term a whopping 70 per cent of Indian business heads are very confident about their growth prospects — by far the greatest percentage in the world, said the PwC report.

Indian corporate heads polled were of the view that emerging economies were the most important source of growth for them, with the newest BRICS member South Africa being the top pick.

The PwC survey conducted 1,344 interviews in 68 nations during the last quarter of 2013.

The full report, including results for individual countries and indicators, will be published by PwC on 5 February 2014.

 

 TBP

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