Companies are gearing up to ride the growth momentum under the Narendra Modi government that has made development its main agenda. Several chief financial officers (CFOs) recently surveyed by American Express have expressed their willingness to increase spending and investment activities this year, indicating bullishness in India Inc.
While many companies are hiring chief executive officers (CEOs) and top officials to grab new opportunities, others are seen initiating processes to acquire companies and restructuring loans.
“The mood has changed. Hiring at senior levels is taking place. Corporations are getting bullish about growth and since 60 to 70 per cent companies in India are promoter-driven, they are deciding to hire. Foreign investors are looking at India with lot of anticipation and we have witnessed their upbeat mood,” said K. Sudarshan, managing partner, EMA Partners International, a global executive search firm.