India has climbed to fifth place as a preferred investment destination, according to PwC’s 28th Annual Global CEO Survey, alongside the US, UK, Germany, and China. Indian CEOs remain highly optimistic, with 87% confident in the country’s growth and 74% expecting revenue growth in the next three years, driven by strong fundamentals and a skilled workforce.
India has emerged as one of the top five investment destinations for global CEOs, alongside the US, UK, Germany, and China, as per PwC’s 28th Annual Global CEO Survey. The country has moved up to the fifth position in 2024 from ninth place in 2023.
Indian CEOs are also more optimistic compared to their global counterparts, according to the survey, which polled 4,700 CEOs from 109 countries, with over 75 from India. The survey reveals that 87% of Indian CEOs are confident about the country’s growth, significantly surpassing the global average of 57%. Additionally, 74% of Indian CEOs expressed optimism about their companies’ revenue growth over the next three years, driven by strong economic fundamentals, business-friendly regulations, and India’s young and skilled workforce.
While India continues to attract global investors, Indian CEOs are cautious about challenges like disruptive technologies, macroeconomic volatility, inflation, and a shortage of skilled labor. “For CEOs today, the challenge is to envision the ecosystem in which their company will operate in the future. This includes thinking through the impacts of megatrends like climate change and AI, evolving customer needs, shifting value pools, and the roles that their company will play,” said Sanjeev Krishan, chairperson, PwC in India.
As China and US companies increase their investments in GenAI, industry experts suggest that this could have an impact on countries like India.
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