 India’s CEOs have flagged inflation, cyber dangers, and well being issues as the largest threats to their companies within the subsequent 12 months, a brand new report revealed on Tuesday.In accordance with world consultancy agency PwC, India’s annual retail inflation hit a 15-month excessive of seven.44 per cent in July final yr however had cooled to round 5.5 per cent in November 2023.The perceived danger from cyber threats noticed a bounce of 10 per cent from final yr, with 28 per cent of India CEOs — as towards 18 per cent final yr — anticipating excessive publicity to it.Well being dangers rank extremely on the checklist of issues confronted by CEOs in India, with 27 per cent indicating that they anticipate their firms to be extraordinarily and extremely uncovered to those over the following 12 months, the report famous.“Whereas India CEOs will certainly play a giant function within the nation changing into a five-trillion-dollar financial system, they will even have to reinvent their companies and work tradition to make sure long-term sustainable success,” stated Sanjeev Krishan, Chairperson, PwC in India.The report stated that about 86 per cent of CEOs imagine the Indian financial system will enhance over the following 12 months. About 62 per cent of India CEOs are assured about their firm’s development over the following 12 months, as towards 37 per cent of world CEOs. About 70 per cent of India CEOs — as towards 49 per cent of world CEOs — stated they had been assured of their firm’s prospects for income development over the following three years.Additional, the report talked about that round 71 per cent of India CEOs anticipated GenAI to extend worker effectivity over the following 12 months, whereas 70 per cent believed it could enhance their very own efficiency.Additionally they imagine GenAI is prone to improve income (48 per cent) and profitability (46 per cent).On the affect of the rising use of GenAI, round 30 per cent of India CEOs felt it could result in the shrinking of jobs.–IANSshs/vd){kind=link}
New Delhi, Jan 16 (IANS) India’s CEOs have flagged inflation, cyber dangers, and well being issues as the largest threats to their companies within the subsequent 12 months, a brand new report revealed on Tuesday.
In accordance with world consultancy agency PwC, India’s annual retail inflation hit a 15-month excessive of seven.44 per cent in July final yr however had cooled to round 5.5 per cent in November 2023.
The perceived danger from cyber threats noticed a bounce of 10 per cent from final yr, with 28 per cent of India CEOs — as towards 18 per cent final yr — anticipating excessive publicity to it.
Well being dangers rank extremely on the checklist of issues confronted by CEOs in India, with 27 per cent indicating that they anticipate their firms to be extraordinarily and extremely uncovered to those over the following 12 months, the report famous.
“Whereas India CEOs will certainly play a giant function within the nation changing into a five-trillion-dollar financial system, they will even have to reinvent their companies and work tradition to make sure long-term sustainable success,” stated Sanjeev Krishan, Chairperson, PwC in India.
The report stated that about 86 per cent of CEOs imagine the Indian financial system will enhance over the following 12 months. About 62 per cent of India CEOs are assured about their firm’s development over the following 12 months, as towards 37 per cent of world CEOs. About 70 per cent of India CEOs — as towards 49 per cent of world CEOs — stated they had been assured of their firm’s prospects for income development over the following three years.
Additional, the report talked about that round 71 per cent of India CEOs anticipated GenAI to extend worker effectivity over the following 12 months, whereas 70 per cent believed it could enhance their very own efficiency.
Additionally they imagine GenAI is prone to improve income (48 per cent) and profitability (46 per cent).
On the affect of the rising use of GenAI, round 30 per cent of India CEOs felt it could result in the shrinking of jobs.
–IANS
shs/vd