CFOs less optimistic about their organisations' performance this year: Deloitte survey

With manufacturing contracting and inflation and interest rates still high, fewer CFOs are optimistic about their organisations' performance this year, finds a Deloitte India CFO survey.

Proportion of CFOs optimistic about their companies’ performance has declined 16% since 2011 survey.

31% CFOs believe their organisations will do better.

35%CFOs apprehensive about their companies' performance.

46% expect GDP growth to slow, inflation to worsen and industrial growth to taper.

43% say political inefficiency top concern.

61% consider regulatory policies, inflationary pricing & input costs key deterrents to industrial growth.

72% consider low consumer demand, domestic political uncertainties and declining exports key challenges.

50% expect the rupee to stabilise.

But,

CFOs of smaller firms optimistic.

CFOs of smaller cos, which have access to priority sector lending and are have more nimble structures, are more optimistic.