Expect more jobs to be created in the first half of the current financial year, monetary policy will remain strict: Survey
Most of the Chief Executive Officers (CEOs) believe that the prospects of employment generation in their company will be better in the first half of the current financial year.
Most of the Chief Executive Officers (CEOs) believe that the prospects of employment generation in their company will be better in the first half of the current financial year. However, at the same time, he is of the opinion that the monetary policy stance will remain tight in the first half.
Mostly Chief Executive Officers (CEO) believes that in the first half of the current financial year, employment (Employment) Chances of being born will be better. However, at the same time he is of the opinion that monetary policy in the first half (Monetary Policy) The stance will be tough. A survey by Confederation of Indian Industry (CII) (survey) I have come to this conclusion. The recent survey was done by CII in its second National Council meeting for 2022-23. It was attended by 136 CEOs from across the country.
GDP growth expected to be 7-8%: Survey
CII said that 57 percent of the CEOs surveyed said that the growth rate of Gross Domestic Product (GDP) will be between seven and eight percent. At the same time, 34 percent believed that the GDP growth rate would be less than seven percent.
Apart from this, nearly half or 49 per cent CEOs said that rural demand in the first half of the current financial year will be better than the same period last year.
CII said the survey results suggest that due to the sharp rise in inflation, most CEOs believe that the monetary stance will be tightened. On the other hand, overall the outlook for the first half (April-September) looks strong. 44 percent of CEOs surveyed said that their company’s revenue would increase by 10 to 20 percent in the first half. At the same time, 32 percent believed that their company’s income would increase by more than 20 percent.
About 45 percent of CEOs said their company’s profits would grow by more than 10 percent in the first half. At the same time, 40 percent believed that their company’s profit growth would be less than 10 percent.
CII Director General Chandrajit Banerjee said that the results of this survey reveal the combative potential of Indian industry. Apart from this, the survey results suggest that despite challenges of high inflation, business performance on the export front as well as domestic will remain positive.
Apart from this, let us tell you that during the last two years, employment in the electric vehicle sector has increased by 108 percent. This has been said in a study by CIEL HR Services on Saturday. In terms of employment, the EV sector is dominated by the engineering department.
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