According to PwC’s 27th annual worldwide CEO survey, which interviewed 4,702 CEOs from 105 countries and territories, including 79 from India, India has risen from ninth place in 2023 to fifth place as the most favored investment destination among global CEOs.
In the next three years, 70% of Indian CEOs are very confident in their company's ability to increase revenue, according to the research. Also, a whopping 86% of these CEOs are bullish on the Indian economy for the coming year.
When questioned about their company's growth in the following year, 62% of CEOs in India expressed extreme or very high levels of confidence. On the other hand, just 37% of CEOs around the globe were as certain.
In spite of ongoing global challenges, the Indian economy has shown remarkable resilience, according to Sanjeev Krishan, chairwoman of PwC India. He predicts that the country will continue to grow strongly in the coming years. To achieve long-term sustainability, Indian CEOs will have to reimagine their companies and work cultures, even if they will play a significant part in the country's economic transformation into a five-trillion dollar economy.
To keep up with new trends, most Indian CEOs are looking forward to the future, although many are concerned about the need to embrace change.
The survey found that whilst 53% of CEOs globally and 59% of Indian CEOs believed that their companies would be profitable for more than a decade if they maintained their present course, 38% believed that this would only be the case for a decade or less.
The study found that among the top two short-term (12-month) difficulties faced by Indian CEOs' organizations were cyber risks and inflation.
Comments