DAVOS 2023: CEOs SAY INDIA'S GDP WILL IMPROVE THIS YEAR

Gloomy Global Cues

78% of Indian CEOs feel that global economic growth will decline over the next 12 months, according to PwC’s 26th Annual Global CEO Survey

India To Do Well Despite
Global Recession

57% of India CEOs believe India’s economic growth will improve over the next 12 months, the survey stated

Advantage India

Only 37 per cent of Asia Pacific CEOs and 29 per cent of global CEOs expect economic growth to improve in their countries in 2023

World Bank’s Prediction

World Bank says India's economy might show lower growth in 2022-23, but it will remain one of the fastest-growing major economies in the world because of its robust domestic demand

Inflation, Geopolitical
Conflicts

The CEO survey stated that inflation, macroeconomic volatility, geopolitical conflict, and climate change are the top threats for this year

Indian Companies
To Do Well

60% of Indian CEOs believed that their company would grow despite polycrisis situation all over the world

No Job Cuts In
Indian Firms

While cost cuts are high on the priority list globally, 85% Indian CEOs do not plan to reduce headcount. 96% of CEOs do not plan to reduce compensation

Time To Change

41% of Indian CEOs think their organisations will not be economically viable in a decade. 62% of Indian CEOs believe that changing customer demand will impact profitability

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Story by: Basudha Das
Designed by: Mohsin

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