India Today Politics

India Today
June 1, 1998


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UNION BUDGET 1998-99
Exclusive CEO Poll
Go On, Move It

Only Chairpersons and Managing directors of top Indian private and public-sector corporations and MNCs were reached for an India Today Poll conducted over four weeks ending May 7 -- just before India's nuclear tests The 63 respondents represent manufacturing, services, petrochemicals, engineering, banking and finance. Follow-up reveals that key perceptions haven't changed since the tests. It's clearly a pro-reform result. Some 87 % of the CEOs of Indian companies feel MNCS should'nt be banned from making consumer goods. And an overall 80 per cent feel this Government has a better chance than previous governments to boost the economy.

The best way to increase tax collection is:

Better enforcement         11
Lower taxes                      13
Both                                  76

Respondents Base: Indian Companies
All figures in percentage
The graphs are only representations and not to scale


Should MNCs be banned from making consumer products?

Yes                                    8
No                                   90.5

Indians: No 87
All respondents.       Rest: don't know? can't say


Is Swadeshi the way ahead for India?

Yes                                    16
For Now                            22
No                                      56

All respondents.        Rest: don't know/ can't say
Qualifier: depends on definition -- 7 qualified only by CEOs of Indian companies


Has there been any decrease in red tape in the past two years?

A lot                                    2
Not at all                           41
A little                              57

All respondents
Qualifier: in policy -- Yes: operationally -- No


What will happen in the following areas this year?

Corporate belt-tightening
Will intesify 81
Remain same 16
Lessen 1; Don't know/can't say: 2
Joblessness/ Layoffs
Will increase 52
Remain same 38
Lessen 8; Don't know/can't say: 2
Prices Will
Rise a lot 6
Rise moderately 87
Lessen 3; Don't know/can't say: 2
Interest rate/ Cost of funds will
Increase marginally 52
Lessen 41
Lessen 5; Don't know/can't say: 2
Capital Markets
Will Take Off 19
Stay as Now 70
Lessen 6; Don't know/can't say: 5

All respondents.       
All figures in percentage

Main Story || What's On What's Not || Meanwhile, Back Home

 

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