Don’t miss the latest developments in business and finance.
Home / Economy / Interviews / PwC's Sanjeev Krishan on what's on the minds of Indian CEOs
PwC's Sanjeev Krishan on what's on the minds of Indian CEOs
99% Indian CEOs foresee a stronger economy in the coming year, says PwC's Annual Global CEO Survey. Get a better understanding of the sentiment among CEOs from Sanjeev Krishan, Chairman, PwC in India
Q: Let's begin with the key finding. According to your survey, 94% of India CEOs, as against 88% last year, feel that global growth rates are poised to increase, while 99% of India CEOs believe India’s economic growth will improve over the next 12 months. What, in your opinion, would drive this growth given the current uncertainty? Ans:
Continued support from govt has been key for the positive sentiments
Benign interest rate policies also adding to confidence
Consumption numbers have also kept pace with economic recovery
With improved capacity utilisation, revival of capital cycle expected
India CEOs optimistic because of how the country has weathered the Covid challenge
Q: 89% of India CEOs are concerned about health risks. With that in mind, how will the new Omicron-led waves in India and other countries of the world impact the economic recovery that had started, both at home and in the world at large? Ans:
Most India CEOs will look at Omicron as a short-term, transient challenge
Economy was affected significantly by the second wave of Covid. There were supply-side challenges, labour issues etc
Omicron will not impede prospects for 2022
Q: 77% of India CEOs are worried about geopolitical conflict. With that in mind, what are you hearing from CEOs on the current geo-political situation and what is its impact on business? Ans:
If interest rates starts going up in the West, pullback of capital from India could impact stock market and consumer sentiment and thereby consumption in India
Economies of the world getting aligned under two broad blocks could create opportunities for India
India is robust on the services side and will benefit if it can pick-up on the manufacturing side
As has become the common wisdom thanks to the experience of the past two years, whether or not CEOs across India are justified in their optimism will be decided by the severity of the ongoing Omicron-led wave and our success or failure in preventing another round of strict lockdowns and curfews.
 "PwC's Sanjeev Krishan on what's on the minds of Indian CEOs")
