How corporate India plans to crack the India growth story

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India Inc seems to be optimistic about growth opportunities in the country. Two surveys - one of around 100 chief executive officers (CEOs) and the other of 30 chief financial officers (CFOs) - show corporate India is focussing its energy on tapping the domestic market. Around two-thirds of India-based CEOs are confident of their company's growth prospects over the next 12 months, against only 35% globally. Around 70% of these CEOs plan to increase headcount in their businesses over the next 12 months. Getting down to brass tacks, CFOs expect the health of the country's economy to be the biggest driver of a company's growth. This will be supplemented with merger and acquisition (M&A) activities, along with a dose of financial restructuring of companies. Around two-thirds of the CFOs interviewed expect moderate spending and investment to support top line growth, but plan to keep a close eye on profitability. Here is a snapshot of the surveys: