More Indian companies as compared to their global peers expect a rise in revenues in the coming year, a survey said.
About 83 per cent Indian companies expect a rise in revenues in the coming year as compared to 70 per cent globally, while 74 per cent of large-sized businesses compared to a 42 per cent global average had eperienced a rise in revenues, the bi-annual Regus Business Tracker survey said.
"As a result, 20 per cent more large businesses than the global average (70 per cent) expect the rising revenue trend to continue in the coming year," the survey said.
When asked about measures, they believed would be most effective in aiding recovery, 40 per cent of medium businesses (globally 19 per cent) advocated a rise in interest rates to curb inflation. About 39 per cent more medium-sized businesses than average (37 per cent) pressed the need for public investment in infrastructure.
All-size businesses in India find consensus on this measure supported by 59 per cent of companies nationally, the survey said.
The survey also analysed sector differences, finding that in India, 34 per cent more consultancy businesses than average had experienced a rise in revenues (globally 42 per cent). On these positive results, it is not surprising that 63 per cent of consultancy businesses (globally 14 per cent) expect the full momentum of recovery to take place in the first-half of 2010, the survey said.
Regus' Chief Executive, Mark Dixon, said, "despite the slippage between expectations and real experience of business growth observed in this latest survey, it is important to emphasise that the experience of growth is overall still positive around the globe."
On India, Dixon said, "fiscal and monetary easing and fiscal stimulus on the cards have maintained Indian growth, however, inflation pressures are becoming more troublesome particularly to medium businesses as our results suggest."
An important lesson of the downturn is that restructuring of workforces and workplaces should become a continuing process as the flexible working practices which helped weather the recession have yielded a number of positives for employers and employees alike, the survey said.
"Anecdotal evidence gathered by Regus from its operations globally indicated that the shift from traditional commercial property leasing to solutions that accommodate more flexible working systems is certainly underway and likely to play a large part in the coming recovery," the survey said.
The Regus Business Tracker survey is a global survey conducted over 75 countries with over 15,000 respondents about the financial performance of their companies and their expectations for growth.
Globally, respondents reported a higher percentage of businesses seeing revenue and profit growth than were experiencing a decline. However, they have shifted their expectation of the full momentum of economic recovery back five months, from July to December.
In India, optimistic recovery expectations have shifted a little from March to July this year, it said.
