The amount is almost equal to the annual budget of Bombay Municipal Corporation, which is around Rs 31,000 crore and comes close to Rs 35,000-crore plus annual budget of the national capital.
Two hundred and fifty companies in five countries - Indonesia, Thailand, Malaysia, the Philippines and Singapore - were surveyed for the report.
"The new office will play a vital role in building on our relationships in Asia, with both the companies we research and our partners in the financial services industry," Mr. Bushell said.
Fewer CEOs than last year think global economic growth will improve over the next 12 months, though confidence in their ability to achieve revenue growth in their own companies remains stable, say the more than 1,300 CEOs interviewed in PwC's 18th An
Asia’s ultra-high-net-worth-individuals are expected to hang onto their wealth for longer, as succession planning becomes an increasingly pertinent issue among this investor demographic elsewhere in the world.