Our fourth annual India CEO Outlook presents the views of 125 India CEOs on their highest priority opportunities and most formidable challenges. CEOs in India are optimistic about the current economic environment in the country whilst being excited about a technology-driven future with opportunities to disrupt and grow.
Arun M. Kumar, Chairman & CEO, KPMG in India in discussion with Rashesh Shah, MD & CEO of Edelweiss Group and Sumeer Chandra, MD of HP India on CNBC TV18
While technology plays a significant role in all aspects of business, CEOs are increasingly dealing with a shift in geographical focus, digital transformation, cyber-attacks, data privacy, millennials, inorganic growth and alliances.
CEOs see emerging markets as their biggest priority for geographical expansion. Among emerging markets, the target region seems to have shifted from India and APAC in 2017 to Central/South America and Eastern Europe regions this year.
“CEOs are increasingly paying attention to geopolitics for its effect on postures and policies that affect their business. Technology continues to be of prime importance. Despite their overall optimism, CEOs in India are treading cautiously as they need to respond to an ever-expanding range of complex challenges and growing pains.” - Arun M. Kumar, Chairman and CEO, KPMG in India
Cyber security and data privacy are important concerns for CEOs in India. Business leaders in India depend more on their experience and intuition over predictive analytics to make strategic decisions. Return to territorialism is identified as a key threat to organisational growth.
Despite all the challenges, CEOs in India are now more willing to enter into partnerships, invest in new-age technologies, and make their businesses more agile to adapt to the rapidly-changing technological and geopolitical environment.