Global poll: Indian CFOs most bullish

A fresh worldwide business and spending survey has found India’s finance leaders twice as bullish as their global peers on the country’s economic outlook after the Narendra Modi-led government took over at the Centre.

Global Business and Spending Monitor 2015, conducted by American Express in partnership with CFO Research between December last year and January this year, showed 85 per cent of Indian finance leaders reporting higher revenue earnings than a year ago. India also led the way in terms of improving production efficiency and business intelligence and analytics with 45 per cent of leaders planning increased investment.

 Global Business and Spending Monitor surveyed 565 senior finance and corporate leaders around the world, 36 of whom are Indian. “The economic outlook in India remains the strongest in the world at 94 per cent compared with United States (83 per cent), United Kingdom (74 per cent), Mexico (73 per cent), Singapore (70 per cent), Australia (60 per cent), and France (29 per cent),” the survey showed.

 At least 84 per cent of Indian finance executives said exports will drive growth in their companies. More than half of those polled from India, 56 per cent, said domestic political changes may have a positive impact on their companies.

A total of 44 per cent finance leaders said spending on cloud computing will form a critical component of their increased spending on technology.

“A move to ‘mobile first’ mindset is also evident among the Indian financial minds. Nearly 69 per cent of respondents from India say that the use of mobile technologies can significantly enhance customer service. Half of them believe that such an investment would have a positive impact on sales,” the survey said.

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