NEW DELHI: CEOs in India are assured of restoration within the international economic system over subsequent three years, however development of their very own corporations retains them awake at evening.
Considerably, fame danger – stemming from misalignment with buyer and public sentiment – has emerged as one of many high three threats going through these leaders in India, says a examine by KPMG shared solely with TOI.The opposite two threats embody technological obsolescence and cyber safety.
About 80% of CEOs in India are assured of the expansion prospects for the worldwide economic system over the following three years, up from 69% in 2023, indicating a renewed optimism in navigating long-term development trajectories. Nonetheless, confidence of their particular person firm’s development has declined to 68%, down from 71% final 12 months, the KPMG CEO Outlook 2024 mentioned. This decline underscores a cautious sentiment amongst executives, who face lingering uncertainties associated to geopolitical complexities, financial instability and fast technological developments.
“CEOs right this moment face huge and complicated challenges from the race to embrace AI to mounting geopolitical issues. The drive for innovation and the dynamics of hybrid working are pushing CEOs to be agile, to give attention to their methods round AI, expertise and environmental, social and governance. Regardless of the challenges, CEOs in India categorical optimism within the development prospects for the worldwide economic system, which depicts resilience to construct a strong basis both by strengthening their workforce, adopting newer applied sciences or by specializing in sustainability to cater to the evolving enterprise wants.
Wanting forward, CEOs who’ve tailored themselves to the dynamic surroundings by investing in expertise and expertise would have the ability to ship long-term sustainable development,” Yezdi Nagporewalla, CEO, KPMG India mentioned.
Over 70% of CEOs in India imagine that price of residing, commerce laws, cyber insecurity and expertise shortages will adversely have an effect on their organisation’s prosperity over subsequent three years.
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CEOs’ confidence in development of personal corporations declines: Report – Occasions of India
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