The American Express survey of CFOs showed 76% of Indian managers expect changes in regulatory, statutory or accounting requirements to have a positive effect on their company's growth.
"Indian CFO's lead the Asian region with regards to expectations of domestic economic expansion... While Asian countries such as China, Hong Kong and Japan seem to have scaled down their expectations of domestic economic growth compared to last year, 87% Indian CFOs see modest or substantial domestic economic expansion in 2014 compared to 78% CFOs in 2013," the survey showed.
Growth is expected to get a massive push with a new government in place in New Delhi. The Narendra Modi-led government has vowed to revive growth and take measures to boost infrastructure and manufacturing sectors.
Economists expect a modest turnaround in growth in 2014 and 2015 on the back of robust policies and an improving global economic scenario.
The survey was conducted among 507 senior finance executives of companies with annual revenues of $500 million or more. Out of these 30 were Indian based companies.
It also showed that 77% of Indian respondents expect their company's sales to increase the most in the Indian subcontinent.
