China/Hong Kong was ranked fifth in the list with 48 per cent of business heads showing confidence in their respective companies growth prospects in the next 12 months time. In the longer term as well, an encouraging 70 per cent of Indian business heads are very confident about their growth prospects—by far the greatest percentage in the world, the survey said.
Around 38 per cent of Indian CEOs see opportunities in the next 12 months coming from product/service innovation, while 27 per cent cited increased share in existing markets and 22 per cent see opportunities in new geographic markets. Emerging economies were cited as the most important region for the Indian corporates for growth. The US, UAE and South Africa were also among their top picks. Meanwhile, the top potential economic and policy threats highlighted by Indian CEOs was exchange rate volatility, over-regulation, inadequate infrastructure and government response to fiscal deficit and debt burden. (PTI)