CEOs expect better job creation prospects in FY23: CII

The survey is based on a poll conducted by the Confederation of Indian Industry (CII), where 136 CEOs across the country have participated

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%.