According to a private poll, around 66% of CEOs in India foresee a recession in the next 12 months, compared to 86% of CEOs globally. According to the KPMG 2022 India CEO Outlook, around 58% of Chief Executive Officers (CEOs) in India and internationally believe that the global economy would experience a moderate and brief recession over the next twelve months, with 55% of CEOs in India having preparations in place to deal with it.

The KPMG 2022 CEO Outlook polled CEOs worldwide and in India to gauge their three-year view on the business and economic environments. Notwithstanding geopolitical and economic problems, CEOs’ confidence in India and the global economy climbed to 57% in August from 52% in February 2022.

In India, 82% of CEOs feel confidence in the global economy’s short-term resilience, although the long-term growth prognosis has yet to improve. Even while CEOs in India anticipate a drop in growth prospects for their firm and nation, the study finds that they are resilient enough to recover in the medium term.

In India, 82% of CEOs feel confidence in the global and indian economy’s short-term resilience, although the long-term growth prognosis has yet to improve. Even while CEOs in India anticipate a drop in growth prospects for their firm and nation, the study finds that they are resilient enough to recover in the medium term.

According to the poll, CEOs in India are significantly less concerned about the recession and its different facets that might affect their firm.

In the future, CEOs in India believe that weariness from the Covid-19 epidemic, economic issues such as the prospect of rising interest rates, inflation, and an impending recession, and reputational risk are among the most important worries.

Just when the world is healing from the pandemic situation recession is something that will surely have a major impact on Indian economy. To manage the economic crisis and move forward indian business.