Amid rising geopolitical risks, a vast majority of Indian CEOs have indicated in a survey that they are reducing or planning to reduce operating costs, even as they are more upbeat than their global peers on their country's economic prospects.
The survey further showed that about 78 per cent of India CEOs, 73 per cent of global CEOs and 69 per cent of Asia Pacific CEOs believe that global economic growth will decline over the next 12 months.
Get latest articles and stories on Latest News at LatestLY. Over 95 per cent of organisations in India have experienced new types of fraud incidents in the past two years, a PwC Survey said on Tuesday. Latest News | Over 95% Organisations in India Experienced new Fraud Incidents in Past 2-yrs: Survey.
According to a PwC analysis, more than 82 percent of corporate leaders polled in India predict that cybersecurity spending will rise in the upcoming year.
The survey highlights that of all the risks affecting organisations, India respondents consider a catastrophic cyberattack, a resurgence of COVID-19 or a new health crisis, and a new geopolitical conflict among the top three risks.