India Inc planning to increase capex, hire more in FY24: BS Poll

Most top executives appear to be upbeat about sales and profit

An overwhelming majority of Indian companies are planning to increase their capital expenditure and hire more in the new financial year, revealed a dipstick survey of top executives. They also believe sales of their companies have crossed the pre-pandemic levels in 2022-23.
 

Of the 29 CEOs surveyed across India by Business Standard, 86 per cent were looking at expanding capacity in the financial year 2023-24 (FY24) as they expected better sales, which experienced a slowdown in FY21 and FY22. Around 93 per cent of them were planning to hire more employees in FY24.
 

This positive sentiment among CEOs emanated from