Despite various headwinds, India Inc. Overall is “significant optimistic” about economic growth. The majority of them feel the economy will increase over the next 12 months despite the problems related to Covid-19 and global headwinds, the annual Global CEO PWC survey found.

This survey spoke with 4,446 global CEOs in 89 countries and regions, including 77 from India, in October and November 2021.

It was found that 99 percent of CEOs in India were optimistic about Indian economic growth in the coming year; While 94 percent of Indian CEO and 77 percent of global CEOs are optimistic about increasing the world economy.

“The spirit with most Indian business leaders took the challenges brought by the head of the pandemic, coupled with the willingness to emerge stronger in the face of difficulties, has led to sustainable growth for businesses in India,” Sanjeev Krishhan, PWC Chairman in India said.

This is the Mood of India Inc. about the Indian economy ahead of the Union budget 2022:

– 98 percent CEO sure when it comes to the prospect of income from their own company for the next 12 months and even the next three years.

– India CEO is more optimistic (94 percent) compared to last year (88 percent) about the prospect of economic growth in 2022.

– 70 percent of Indian CEOs view the pandemic as the top threat to temporary growth 62 percent consider cyber threats as a growth barrier in 2021.

– Sanjeev Krishan, Chairman of the PWC in India noted that while the Omicron variant of Covid-19 has thrown shadows, CEOs “focus on their employees’ health and safety”. He added that their confidence and optimism for the past year was “testimony for the resilience of Indian companies”.

– This year, 15 percent of Indian CEOs are worried about the risk of cyber which blocks their company’s ability to increase capital.

– The CEO of India agrees that the risk of cyber can cause severe income disruptions, with 64 percent worried that violations can inhibit the sale of products or services.

– In addition to business disruption, 47 percent of executive heads believe that cyber threats can inhibit their ability to develop products and services.

– Among Indian companies participating in the survey, 27 percent already have zero-zero commitments (compared to 22 percent globally), while 40 percent are in the process of developing and articulating their commitment (29 percent globally), and only 30 No percent makes it not in the process of making Net-zero commitments (44 percent global).