Post-Budget, many CEOs plan to raise investments: survey

Most CEOs are happy with this year’s Budget and plan to increase their investments, according to a survey conducted by industry chamber Ficci.

About 85 per cent of the respondents said the Budget meets their expectations. They felt it is pro-growth and that, going ahead, the Government is expected to push reforms, the survey said.

CEOs belonging to sectors such as real estate and building, infrastructure, IT and ITeS, renewable energy and power were particularly optimistic about the near-term prospects.

Cheer for industry In what can be seen as a bit of cheer for industry, about half of the CEOs who took part in the survey indicated that they propose to increase their investments in near future.

Another 45 per cent cited no change in investment levels, while only 5 per cent expected it to fall.

In a previous survey by Ficci, about 37 per cent of the respondents had said they planned higher investments in the near term.