Business Standard CEOs poll: Capex tops India Inc's 2023 to-do list

Firms plan to go on a hiring spree; flag rising rates, weak demand as major concerns

Indian companies are planning to increase investments in the new year to expand capacity, acquire companies, and go on a hiring spree, a survey of top executives showed. They, however, cited rising costs, weak consumer demand, and increasing interest rates as major concerns for 2023 which may impact their plans.

An overwhelming 97 per cent of the 35 CEOs polled across industries by Business Standard said their companies would invest in expanding capacity in CY23 as their current capacity usage is near peak levels. Almost 88.6 per cent of the CEOs said they plan to hire more this year to