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27
April 2017
Driven
by positive economic sentiment, more than three-fourths (77 per cent) of senior
finance executives of Indian companies expect moderate to substantial economic
expansion in 2017, a survey said here on Thursday. The Total Investment & Insurance Solutions
The
survey - Global Business & Spending Outlook - commissioned by American
Express and conducted by Institutional Investor Custom Research Lab, states
that Indian companies are expected to increase their spending and investment in
the market place with 67 per cent of Indian companies looking at focusing on
spending and investment to support top-line growth while improving
profitability this year. The Total
Investment & Insurance Solutions
The
survey further revealed that about 37 per cent Indian finance executives expect
their company's level of spending and investment to increase by over 10 per
cent as compared to only 24 per cent global executives, pointing towards Indian
executives' better preparedness at increasing their spending and investment as
compared to their global counterparts.
"Indian
companies are expected to increase their spending and investment this year
which is backed by positive economic sentiment. With focus on optimising
resources and efficiently managing spends across categories, India Inc. is
headed towards a conducive growth chart," said Saru Kaushal, Vice
President and General Manager, Global Corporate Payments, American Express. The Total Investment & Insurance Solutions
Indian
executives are twice as likely to cite hardware and infrastructure as their top
IT priority, compared with their global counterparts. According to 30 per cent
of executives from India, compared to 13 per cent global and 14 per cent
executives in Asia and Australia, hardware and infrastructure will be top most
priority for companies.
According
to the survey, nearly half (47 per cent) of the Indian executives expect
exports to become important for their company's growth in 2017.
The
survey revealed that according to 67 per cent financial executives from India,
pressure on their company to compete on the quality of its customer service has
increased substantially. India leads when compared to the responses gathered
from global (50 per cent) and Asia and Australia (44 per cent) markets for the
same parameter.The Total Investment & Insurance
Solutions
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