Are the CEOs really not confident about India’s growth?

              While going through the survey of KPMG Global Confidence survey, it was very interesting to find that inspite India being the fastest growing economies in the world, the Indian CEOs are not sure about the growth India will have in 3 years.

             A global survey conducted by KPMG International shows Indian CEOs rank fourth in terms of their confidence level in India's economic growth over the next three years. Their confidence level stands at 85 per cent in comparison to China's 95 per cent, Spain's 90 per cent and Italy's 89 per cent.

             There is something to ponder upon on the results of this survey.

It is because the CEOs have lost confidence in the growth of economy inspite of all the initiatives taken by Modi government and rate of growth India is now at.

             Is it because of the uncertain global growth or because of the regulated environment of India??.  Anyways  its upto the CEOs again to come up with new strategies and ideas and tools to bring out the growth in India and build up their confidence level. Also 56 per cent of global CEOs reveal they don't have developed processes for innovations in their respective organizations. That’s quite surprising in this era of innovation. So CEOs should come out with innovations to make the economy grow in this tough environment.

Will Make in India work or will it be just a campaign?

                      Make in India is  for investors to come and invest in Indian growth.
Instead of naming it Made in India, it is make in India. It focuses mainly to make in India in the present rather than “made” which is past. 

                     The manufacturing sector has faced a creeping rut over the past decade in India. Anyone who wishes to enter Indian market may contemplate many problems like government clearances, land acquisition and skill gap between workers. But when our Prime Minister Mr. Narendra Modi unveiled the Make in India program on 25^th September, he  tried to assure the foreign investors that the problems that they face in doing business will not be there.

                      Indeed the Make in India has been fairly successful at its inception, if we analyze the buzz that it has created not only in India but throughout the world too.
Here are some numbers.

                               But there is lot to be done for it to actually work in India. The skill set of people must be improved, speedy approvals of different documents, a corruption free environment , flexible labor laws and a lot more.

How well Modi ji is going to implement the ‘sayings’ into actions and how fast it is going to happen,  is only for us to wait and see. But the initial buzz gives way for hope.