India's business confidence drops to 129, well above global average
The latest Regus Business Confidence Index (BCI) survey of more than 20,000 senior executives across 95 countries found that while confidence levels have risen by five points to 109 in mature economies, there has been a drop of nine points to 117 in emerging countries. In India, business confidence has dropped from 137 points in April 2013 to 129, still well above the global average of 113 points.
The report also indicated that Indian businesses, shaken by reports of slowing GDP growth, will focus on staff retention and flexible working over the next twelve months to optimise business processes and gain maximum advantage from existing assets without compromising on expansion plans.
Commenting on the research, Sahil Verma, Chief Operating Officer – India, Regus says: “While mature economies are showing confidence gains as their economic outlook turns positive, the emerging world is slowing the pace of growth as businesses aim to become increasingly efficient to promote productivity. Our research also shows that utilising flexible workspaces can have a significant impact on the bottom line, encouraging sustainable growth.”
Other BCI findings include:
- Companies reporting revenue growth in India have increased from 63% to 66% while those reporting profit growth have flat-lined at 54%
- The top four efficiency outcomes for India are:
- Improved staff retention (49%)
- Less fixed office space (43%)
- Higher return on investment on marketing and advertising (42%)
- Cost effective services providers (33%)