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PwC India’s 24th Annual CEO Survey

India CEOs are ready for the challenges of a post-pandemic world

In PwC’s 24th Global CEO Survey that was conducted over January and February 2021, 60 CEOs from India participated. It is heartening to note that 88% of India CEOs are confident about global economic growth improving over the next 12 months, while 70% are confident about their own revenue growth in the same period.

With the markets recovering gradually, India CEOs are evidently gearing up to ride the consumption wave - that is seeing a return - through improved operational efficiencies leading to higher profitability. At the same time, they are aware and ready for the challenges of a post-pandemic world. To that end India CEOs are willing to invest long-term in digital transformation, leadership and talent development, and cyber security over the next three years to achieve sustainable profitable growth.

Growth - PwC India’s 24th Annual CEO Survey

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 - PwC India’s 24th Annual CEO Survey

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 - PwC India’s 24th Annual CEO Survey

Climate change

In India, 28% CEOs have explicitly factored climate change and environmental damage into their strategic risk management activities.

Top threats to growth - PwC India’s 24th Annual CEO Survey

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 - PwC India’s 24th Annual CEO Survey

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 - PwC India’s 24th Annual CEO Survey

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.

Explore the 5 key themes from our 24th CEO Survey
Growth
85% of India CEOs are seeking operational efficiencies to drive growth
Digital transformation
88% of India CEOs would like to simultaneously focus on digitising their risk management functions and build a cyber resilient infrastructure
Cyber threats
62% of India CEOs are extremely concerned about cyber threats
Workforce strategy
42% of Indian CEOs believe automation and technology will boost productivity.
ESG
40% Indian CEOs believe their organisations should be doing more to measure ‘environmental impact and value’.
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Vivek  Prasad

Vivek Prasad

Leader - Markets, PwC India

Ranen Banerjee

Ranen Banerjee

Leader, Government Sector, PwC India

Somick  Goswami

Somick Goswami

Leader, Transformation, PwC India

Tel: +91 80 4079 4005

Siddharth Vishwanath

Siddharth Vishwanath

Leader, Cyber Advisory, PwC India

Tel: 022 66 691 559

Chaitali Mukherjee

Chaitali Mukherjee

Leader, People and Organisation, PwC India

Tel: +91 124 626 6620

Sambitosh Mohapatra

Sambitosh Mohapatra

Leader - ESG, PwC India

Tel: +91 124 330 6008

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