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50% Indian CEOs confident of revenue growth

A PwC study has found that around 50% Indian CEOs are "very confident" about revenue growth for their companies in the next 12 months but they said that availability of skilled talent and corruption are two major threats to their business plans.

According to PwC's 17th Annual Global CEO survey, released by World Economic Forum in Davos, 49 per cent of Indian CEOs expressed confidence about their growth prospects in the next 12 months, which is much higher than the global average at 39%.

India was ranked fourth in the global list in terms of CEO confidence in revenue growth?s confidence.

Russia is on top of the list with 53 per cent business heads of the country very confident about the revenue growth of their companies in the next 12 months, followed by Mexico (51 per cent), Korea (50 per cent) in the second and third position respectively.

Both China and Hong Kong came at fifth place in the list with 48 per cent of CEOs showing confidence in the growth of their companies in the next one year.

In the longer term as well, around 70 per cent Indian CEOs are confident about their growth prospects, which is by far the greatest percentage in the world.

The survey said that around 38 per cent of Indian CEOs are confident that opportunities would come from product/service innovation in the next 12 months. Around 27 per cent cited increased share in existing markets and 22 per cent are looking at business operations in new markets.

1,344 interviews were conducted in 68 nations for this survey during the last quarter of 2013. 445 interviews were conducted in Asia Pacific, 442 in Europe, 212 in North America, 165 in Latin America, 45 in Africa and 35 in the Middle East.