Indian CEOs optimistic about global economy, but not their own companies

CEOs in India are optimistic about global economic recovery over the next three years according to a KPMG study shared with TOI. However, many remain worried about their own companies' growth prospects.

The report identifies reputation risk, technological obsolescence, and cybersecurity as the top three threats for Indian business leaders. About 80% of CEOs in India are confident in global economic growth compared to 69% in 2023. Yet, only 68% are optimistic about their company's growth, a decline from 71% last year.

These executives are cautious due to uncertainties from geopolitical issues, economic instability, and rapid technological changes.


KPMG India CEO Yezdi Nagporewalla commented, "CEOs today face vast and complex challenges from the race to embrace AI to mounting geopolitical concerns. The drive for innovation and the dynamics of hybrid working are pushing CEOs to be agile, to focus on their strategies around AI, talent and environmental, social and governance. Despite the challenges, CEOs in India express optimism in the growth prospects for the global economy, which depicts resilience to build a solid foundation either by strengthening their workforce, adopting newer technologies or by focusing on sustainability to cater to the evolving business needs. Looking ahead, CEOs who have adapted themselves to the dynamic environment by investing in talent and technology would be able to deliver long-term sustainable growth."

Over 70% of Indian CEOs believe that the cost of living, trade regulations, cyber insecurity, and talent shortages will negatively impact their organizations in the next three years.