UNION BUDGET
1998-99
Exclusive CEO Poll
Go On, Move ItOnly 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?
Indians: No 87
All respondents. Rest: don't
know? can't say
Is
Swadeshi the way ahead for India?
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
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