India Inc. Gains Confidence on Spending, Investment: Report

NEW DELHI: Driven by positive economic sentiment, more than half -- 77 per cent -- of senior finance executives of Indian companies surveyed expect moderate to substantial economic expansion in 2017, according to the Global Business & Spending Outlook (GBSO) survey.

The Survey, commissioned by American Express and conducted by Institutional Investor Custom Research Lab, said 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 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.

Sharing views, Saru Kaushal, Vice President and General Manager, Global Corporate Payments, American Express, said, “Indian companies are expected to increase their spending and investment this year which is backed by positive economic sentiment. With focus on optimizing resources and efficiently managing spends across categories, India Inc. is headed towards a conducive growth chart.”

Ms Kaushal added, “It is our constant endeavor to facilitate finance executives around the world with business expenditure management and empower them with innovative tools for resource optimization hence positively impacting profitability.”