According to PwC’s most recent poll, India was ranked fifth as a preferred destination for investments. Following the US, China, Germany, and the UK, India has climbed four spots from the previous year.
As of 2020, the nation was the fourth-most popular investment destination. However, in 2021, it suffered a drop to the sixth rank, eighth in 2022, and ninth in 2023. As per PwC’s 27th Annual Global CEO Serve, the business leader supports India’s appeal as a favourable investment destination. The nation’s commercial landscape seems promising for 2024.
Global CEOs are taking notice of India’s positive vibes, according to the CEO Survey. They indicate that there will be an increase in the workforce by 5% for the next 12 months, a sharp contrast to 2023 when they had spoken of a planned hiring freeze and headcount reduction. Apart from real estate, sectors like private equity, hospitality, and engineering will also see a rapid increase in hiring.
Despite several challenges, such as a pandemic that negatively impacted businesses across the globe, India’s GDP is expected to expand at a steady rate. Global businesses, in contrast to their optimistic Indian counterparts, are optimistic about the future as well.