India Inc upbeat on investment, plans 10 pc more in next 2 years: Baker McKenzie
Most of the mid-to-large sized Indian corporates plan to increase their investment by 10 per cent in next two years regardless of political uncertainties, global law firm Baker McKenzie said Tuesday.
"Despite some political uncertainty, a pulse survey of 100 C-suite executives in India found more than three quarters of mid-to-large sized Indian companies still plan to increase domestic investment by at least 10 per cent over the next two years," Baker McKenzie said here at a media roundtable.
The credit for the positive sentiment goes to improvement in ease of doing business, Prime Minister Narendra Modi at the helm of affairs of the country and implementation of GST and Insolvency and Bankruptcy Code (IBC), according to the law firm.
"The outbound investment is very much measured. On the inbound side, we have seen quite a bullish interest from international multinationals willing to invest in India. Generally speaking, most of the investors mark India and China as the most important .