Like their global counterparts, Indian CEOs are concerned about increasing tax burden, availability of key skills and cost of energy and raw material. While these are the top three threats to growth for global CEOs, some concerns like shortage of infrastructure, protectionist tendencies of national governments, bribery and corruption and exchange rate volatility are very specific to the Indian CEOs.
This year’s survey shows that Indian CEOs are negotiating the challenges and creating value through the following pathways:
Beyond the three-pronged strategy, CEOs in India are also strengthening ties between businesses and society. A majority of CEOs interviewed in India have started to deepening their engagement with local communities, the media, users of social media and non-governmental organisations. Their attention to reducing environmental footprint is almost at par with the global CEOs. More than half of the CEOs interviewed in India are also encouraging a framework to support a culture of ethical behaviour.