Despite being more optimistic than their global counterparts about their nation’s economic prospects, the vast majority of Indian CEOs reported in a study that companies are cutting or plan to cut operating costs in response to mounting geopolitical threats.
According to the annual Global CEO Survey conducted by the world-renowned consulting firm PwC in Davos on the opening day of the World Economic Forum (WEF) conference on January 16, most businesses do not intend to reduce their staff or wages.
According to the poll, around four out of ten CEOs (40% of respondents from across the world and 41% from India) do not believe their businesses would still be profitable in ten years if they continue down the current course.
This news was written by Ms. Pujari Dharani, Research Assistant, all India Legal Forum.
ALL INDIA LEGAL FORUM 