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About 88 per cent of India CEOs are confident of global economic growth improving over the next year, and 70 per cent are sure of their own revenue growth in the same period, according to the PWC’s 24th Global CEO Survey. India’s CEOs are gearing up to ride the consumption wave through improved operational efficiencies leading to higher profitability.The highlights of the survey, in which 60 CEOs participated, include:
- Workforce strategy: 42 per cent will focus on productivity through automation and technology as a workforce strategy to make the biggest impact on their organisation’s competitiveness, while 35 per cent are focused on health and wellbeing of the workforce.
- Climate change: 28 per cent CEOs have explicitly factored climate change and environmental damage into their strategic risk management activities.
- Top threats to growth: 70 per cent CEOs view pandemics as a top threat to growth, while 62 per cent consider cyber threats as an impediment. About 53 per cent view uncertain economic growth as one of the top threats.
- Strategic risk management activities: 63 per cent factor in speed of technological change as a top threat, while 57 per cent consider availability of key skills and changing consumer behaviour as top threats.
- Long term investments: An overwhelming 93 per cent are willing to invest more in digital transformation and 90 per cent would opt for leadership and talent development.
"Concerns around growth will remain for some time, along with challenges around digital transformation, like cybersecurity and reconfiguration of workforce strategies. However, the disruption faced in the past year has catalysed inclusive growth and thinking around becoming truly fit-for-future. This includes prioritising of commitments around environmental and social needs and becoming truly responsible," Sanjeev Krishan, chairman of PwC in India, said in a statement.
Fibre2Fashion News Desk (SG)
About 88 per cent of India CEOs are confident of global economic growth improving over the next year, and 70 per cent are sure of their own revenue growth in the same period, according to the PWC's 24th Global CEO Survey. India's CEOs are gearing up to ride the consumption wave through improved operational efficiencies leading to higher profitability.