PwC survey shows Indian CEOs more confident

10 Mar '16

2 min read

Despite a global slowdown, Indian Chief Executives are more confident about their companies' growth prospects than their overseas peers and the country ranks among the top five growth markets worldwide, the world's largest professional services firm PricewaterhouseCoopers (PwC) says in a report.

According to PwC's 19th Annual Global CEO Survey (India report), 64 per cent of the respondents are very confident of their growth prospects in the next 12 months as compared to 35 per cent globally.

India also overtook Brazil in the global CEOs' ranking of growth markets, climbing to the fifth place this year from sixth in 2015.

"The confidence reposed by Indian CEOs on growth is quite encouraging, given the backdrop of market and currency volatility, and the transformation in the expectations of consumers, investors and employees," PwC India Chairman Deepak Kapoor said.

According to the survey, the CEOs' perceptions of opportunities are "tempered" in the last one year.

CEOs in India see more growth opportunities for their companies today than they did three years ago. But the survey noted that the number of respondents holding this view has dropped from 84 per cent last year to 75 per cent this year.

When it comes to risks, CEOs see the speed of technological change as a top new threat; 79 per cent of them are concerned about the influence that speed of technological change will have on their organisation's growth.

The report noted that CEOs are maintaining a focus on people while planning for automation. Around 70 per cent of the CEOs plan to hire more people over a year-long period, and 89 per cent are focusing on workforce rights and well-being. (SH)

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