India findings and the next steps

Click here - 26th Annual Global CEO Survey: India perspective

The past couple of years have offered learnings for all. On the business front, India CEOs have faced more headwinds rather than tailwinds, but have nonetheless managed to stay the course. The 26th Annual Global CEO Survey reveals that:

  • %

    of India CEOs are adjusting supply chains to mitigate exposure to geopolitical conflict

  • %

    of India companies are currently innovating new, climate-friendly products or processes

  • %

    of India CEOs are reducing/have already reduced operating costs

  • %

    of India CEOs do not plan to reduce the size of their workforce, while 96% do not plan to reduce compensation

The select measures outlined above indicate that neither uncertainty nor anxiety cloud the view from the top. India CEOs are cognisant of the undeniable linkage between profitability and sustainability, between technological disruption and innovation, between a strong balance sheet and the need for investments, and between business reinvention and a talented workforce.

Responses to this set of questions reveal that CEOs recognise the potential for long-term megatrends such as climate change, technology disruption, demographic shifts, fracturing world and social instability to dramatically reshape the business environment.

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Most CEOs highlight their concerns over the world economy. About 78% of India CEOs — and 73% of global CEOs and 69% of Asia Pacific CEOs — believe that global economic growth will decline over the next 12 months.

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To effectively navigate the dual challenge of dealing with the present while preparing for the future, CEOs must perform a balancing act that starts with their own calendars. It appears that for 26% India CEOs, driving current operating performance ‘actually’ consumes the biggest share of their time. Asked how they would ideally allocate their time if they could start with a blank calendar, 24% India CEOs say that they would like to spend more time evolving their business and its strategy to meet future demands and 19% ideally engaging with and mentoring/developing employees.

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Sanjeev Krishan

Sanjeev Krishan

Chairperson, PwC India

Tel: +91 124 330 6017

Vivek  Prasad

Vivek Prasad

Leader - Markets, PwC India