PwC India’s 24th Annual CEO Survey
India CEOs are ready for the challenges of a post-pandemic world
Growth
88% of India CEOs say global economic growth will improve over the next 12 months. 70% are confident about revenue growth over the next 12 months.
Workforce strategy
42% of India CEOs are focusing on productivity through automation and technology as a workforce strategy to make the greatest impact on their organisation’s competitiveness, while 35% are focused on health and wellbeing of the workforce.
Climate change
In India, 28% CEOs have explicitly factored climate change and environmental damage into their strategic risk management activities.
Top threats to growth
70% CEOs view pandemics as a top threat to growth, while 62% consider cyber threats as an impediment to growth. 53% view uncertain economic growth as one of the top threats.
Top threats factored into strategic risk management activities
63% factor in speed of technological change as a top threat, while 57% consider availability of key skills and changing consumer behaviour as top threats.
Long term investments
93% are willing to invest more in digital transformation. 90% would opt for leadership and talent development.
With the markets recovering gradually, India CEOs are gearing up to ride the consumption wave - that is seeing a return - through improved operational efficiencies leading to higher profitability.
Organisations have also witnessed an accelerated pace of digital adoption along with emerging new business models. That explains why 93% of Indian CEOs are willing to invest long-term in digital transformation, and an almost equal percentage - 90% - would like to invest in leadership and talent development over the next three years. Initiatives to realise cost efficiencies also top the priority list for 88% India CEOs, while 80% are set to invest in cybersecurity.
Given the pace at which technology is being embraced and the fact that organisations are witnessing years worth of transformation and adoption of technology within months, cyber threat as a major concern comes as no surprise.
Contact us
