According to a study released on Tuesday by the consulting firm PwC, most Indian chief executives are positive about the economy and believe it will rise in the following year. The company's 27th annual global survey interviewed 4,702 CEOs from 105 nations and territories, including 79 from India. As many as 86% of CEOs in India are optimistic about the economy's recovery, a 30% rise over the previous year.
In comparison, only 44 percent of global CEOs believe the economy would improve in their territories. The optimism about the Indian economy is reflected worldwide, with the country becoming the fifth top investment destination for global CEOs compared to the ninth rank in 2023.
As per the poll, 62% of Indian business leaders are "extremely or very confident" about their organizations' growth over the next 12 months. Only 37% of worldwide CEOs agreed with this statement.
In India, CEOs identified inflation and cyberattacks as the two most serious dangers to their businesses in the coming year.
According to a press release from PwC, India's annual retail inflation will reach a 15-month high of 7.44 percent in July 2023 before falling to roughly 5.5 percent in November 2023. Cyberattacks were ranked as the top threat by 28% of Indian CEOs in 2018, up from 18% in 2023.
The survey has reported 62% of Indian business leaders are "extremely or very confident" about their companies' growth over the next year. Only 37% of CEOs throughout the world agreed with this assertion. CEOs in India identified inflation and cyberattacks as the two most important threats to their companies in the coming year.
And according to a PwC press release, India's annual retail inflation would peak at 7.44 percent in July 2023 before decreasing to around 5.5 percent in November 2023. Cyberattacks were considered as the top danger in 2018 by 28% of Indian CEOs, up from 18% in 2023.
