India among top five countries in terms of investment, PwC survey also emphasizes on economic growth

New Delhi|The five-day World Economic Forum (WEF) meeting began in Daves, Europe. In this meeting, in the annual CEO survey released by PwC, it was told that India is among the major countries of the world in terms of investment plans made by CEOs and the economic growth of the country. Also the survey reported that about 90 percent of Indian CEOs are confident of economic growth and they plan to increase the number of employees and promote the use of AI (Artificial Intelligence).

India’s position in terms of investment

The global survey released at the World Economic Forum meeting found that India is among the top five countries in terms of investment, which also includes the US, UK, Germany and the Chinese mainland. According to the survey, about 51 percent of Indian CEOs believe that the impact of AI will remain positive on the profitability of their companies. At the same time, one-third of CEOs talked about revenue growth from climate-friendly investments.

PwC reported that for more than 40 percent of Indian CEOs product and service innovations have been the most common reform steps in the last five years. In addition, four out of 10 CEOs in India and around the world said their companies have started competing in at least one new sector or industry in the last five years.

87 percent of CEOs excited for economic growth

Along with this, the survey reported that 87 percent of Indian CEOs are enthusiastic about the country’s economic growth, which is much higher than the global average of 57 percent. With that, 74 percent of CEOs are fully confident about their companies’ revenue growth over the next three years. PwC also pointed out that India’s strong economic growth, ease of doing business (EoDB), infrastructure development and its young and skilled workforce are attracting investors.

Take a look at the challenges also

It is obvious that after so many achievements there will be some challenges. The ongoing survey has also highlighted these challenges, of which technological changes, macroeconomic instability, inflation and shortage of skilled labor are the most prominent. The Indian CEO cited disruptive technological change as one of the key factors affecting his company’s economic stability.

PwC President highlighted the challenges

In this connection, the statement of PwC President Sanjeev Krishna has also come out. Where he highlighted the challenges, he said that the challenge for CEOs today is to imagine the right ecosystem for their companies in the future, including mega trends like climate change and AI, changing customer needs and changes in their industries.