July 11, 2022
Around 44% of the CEOs felt that their company's revenue will grow between 10-20% during the first half of 2023
Approximately 32% of the CEOs are expecting an increase of more than 20% in revenues in the same period
About 45% of them believe that their companies' profits would increase by more than 10%
57% of the CEOs are expecting the country’s GDP growth to be at 7-8%
Most CEOs from India are expecting their companies to fare with better job creation prospects, in the first half (H1) of FY23, according to a survey from CII.
The survey is based on a poll conducted by CII at its Second National Council Meeting for FY23, where 136 CEOs across the country participated in the event.
According to the survey, 44% of the CEOs felt that their company’s revenue will grow between 10-20% during the first half of FY23. Further, 32% of the CEOs are expecting an increase of more than 20% in revenues, during the same period.
During the first half of 2023, 40% of CEOs expect their companies’ profits to increase by 10%, and 45% of them believe that their companies’ profits would increase by more than 10%.
The Indian industry is demonstrating a positive business performance outlook in both domestic activities and exports. According to the survey, 57% of the CEOs are expecting the country’s GDP growth to be at 7-8%, while 34% of the CEOs believe that the growth will occur at a rate of below 7%.