NEW DELHI: CEOs in India are assured of restoration within the world economic system over subsequent three years, however progress of their very own firms retains them awake at evening.
Considerably, repute threat – stemming from misalignment with buyer and public sentiment – has emerged as one of many prime three threats going through these leaders in India, says a research by KPMG shared completely 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 subsequent three years, up from 69% in 2023, indicating a renewed optimism in navigating long-term progress trajectories. Nonetheless, confidence of their particular person firm’s progress 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 as we speak face huge and complicated challenges from the race to embrace AI to mounting geopolitical considerations. The drive for innovation and the dynamics of hybrid working are pushing CEOs to be agile, to deal with their methods round AI, expertise and environmental, social and governance. Regardless of the challenges, CEOs in India categorical optimism within the progress 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 know-how would be capable to ship long-term sustainable progress,” Yezdi Nagporewalla, CEO, KPMG India mentioned.
Over 70% of CEOs in India imagine that value of residing, commerce rules, cyber insecurity and expertise shortages will adversely have an effect on their organisation’s prosperity over subsequent three years.
