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Indian companies see revenues rising this year: Survey

Indian companies see revenues rising this year: Survey
PTI
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First Published: Wed, Apr 28 2010. 03 33 PM IST
Updated: Wed, Apr 28 2010. 03 33 PM IST
Mumbai: More Indian companies, as compared to their global peers, expect a rise in revenues in the coming year, a survey said. About 83% Indian companies expect a rise in revenues in the coming year, as compared to 70% globally, the bi-annual Regus Business Tracker survey said.
Indeed, 74% of large-sized businesses compared to a 42% global average had experienced a rise in revenues, when the survey was conducted, it said.
“As a result, 20% more large businesses than the global average (70%) expect the rising revenue trend to continue in the coming year,” the survey said.
When asked about measures they believed would be most effective in aiding recovery, 40% of medium businesses (globally 19%) advocated a rise in interest rates to curb inflation.
About 39% medium-sized businesses than average (37%) pressed the need for public investment in infrastructure. All size businesses in India find consensus on this measure - supported by 59% of companies nationally, the survey said.
The survey also analysed sector differences, finding that in India, 34% more consultancy businesses than average had experienced a rise in revenues (globally 42%).
On these positive results, it is not surprising that 63% of consultancy businesses (globally 14%) expect the full momentum of recovery to take place in the first-half of 2010, the survey said.
Regus’ Chief Executive, Mark Dixon, said, “Despite the slippage between expectations and real experience of business growth observed in this latest survey, it is important to emphasise that the experience of growth is overall still positive around the globe.”
On India, Dixon said, “Fiscal and monetary easing and fiscal stimulus on the cards have maintained Indian growth, however, inflation pressures are becoming more troublesome particularly to medium businesses, as our results suggest.”
An important lesson of the downturn is that restructuring of workforces and workplaces should become a continuing process. Flexible working practices, which helped weather the recession, have yielded a number of positives for employers and employees alike, the survey said.
“Anecdotal evidence gathered by Regus from its operations globally indicated that the shift from traditional commercial property leasing to solutions that accommodate more flexible working systems is certainly underway and likely to play a large part in the coming recovery,” the survey said.
The Regus Business Tracker survey is a global survey conducted over 75 countries with over 15,000 respondents about the financial performance of their companies and their expectations for growth.
Globally, respondents reported a higher percentage of businesses seeing revenue and profit growth than were experiencing a decline. In India, optimistic recovery expectations have shifted a little from March to July this year, it said.
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First Published: Wed, Apr 28 2010. 03 33 PM IST