Global Economic Outlook: Nearly 62% of Indian CEOs optimistic about global economy: Arthur D Little

A notable 62% of CEOs from Indian companies foresee a stable or favorable global economic landscape in the next three to five years despite current obstacles and gloomy macroeconomic forecasts for 2023, said a study published by Arthur D. Little (ADL), a global management consulting firm.

The study indicated that 60% of Indian CEOs have plans to augment their spending, while 33% aim to sustain current levels of expenditure, all in anticipation of a projected upswing.

Moreover, a significant 75% of Indian CEOs aspire to surpass or keep pace with market growth.

“The big theme of the report is that fortune favors the brave. CEOs are far more optimistic about the outlook than reported. Second, people are doubling down on making investments for the future,” said Barnik Chitran Maitra, Managing Partner, Arthur D. Little India & South Asia. “If global CEOs are cautiously optimistic, in India CEOs are far more…

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