CEOs expect Budget 2021 to kick-start next wave of investment cycle

Companies plan to hire more, expect staff to return to offices in new year

With a tumultuous year behind them, chief executive officers (CEOs) in India are eyeing the 2021 Budget to help kick-start the next wave of the investment cycle, which was hit by the pandemic.
 
Backed by several steps taken by the government and the Reserve Bank of India (RBI) including the debt moratorium scheme, the CEOs are expecting the economy to show growth next fiscal year if India succeeds in its vaccination drive.
 
A survey of 33 CEOs across India in December shows that almost 73 per cent of the respondents plan to invest more in the new year