CEOS RAMP Up ai Investment Amidst Data Security Vigilance： EY CEO Pulse Survey

TWO-Third of Respondents Prioritize Investment in Technolog, Including Aitwo in Three Optimistic About Revene Growthdespite Its NT Importance, CEOS and Investors DEPRIORITITINGING SUSTAILITY DOE to Financial Constraints and Shiftroom Agendas

Mumbai, 18 june 2024: In the face of global economic unity and geopolitical tensions, Indian CEOS are doubled development, with A Een Focus on Artificial Intelligence (AI) to Drive Productivity and Business Growth, According to the Latest India-Specificinsights from the ey CEO OUTLOOK PULSE SURVEY.

A Robust 80% of the Ceos Surveyed Express Optimism Regarding Their Companies' Revenue Prospects, While An Even Higher 88% Are Confident About Profitability. is Buoyant Sentiment is Mirrored in the Mergers and Acquisitions (M & A) Landscape, with a Staggering 96% of RespondentsActvely Eyeing Transactions in the Coming Year, Predominantly Throgh Intial Public Office (ipos).

Amit Khandelwal, Managing Partner, Strategy and Transactions, Ey India, SAID, "In M & A LandScape, A Higher Percentage of CEOS and Investors Are Seeming to Be Bullis H, Actively Seeking DEALS, Driven by Tech Acquisition, Market Expansion, Consumer Shifts, and SupplyChain Security. However, The Survey Also Indicated that some challenes person in terms of the organization's stream in shareholder engine and alternative EAL StructuresSimla Wealth Management. "

When Asked What Top Strategic Drivers Were for Pursuing Acquisitions, The Survey Found that Acquiring Technology, New Production Capabilities or Innovati vertups (44%), Growing Market Share (36%), Reacting to Changing Customer Behavior (32%), and SecuritySupply chains (32%) Stood out as the top four key one.

Indian CEOS Prioritization Technology Investment, Including AI, But STAYS Guarded Data Security Challenges.

The Survey Reveals that a Significant 70% of the CEOS Are Channeling Investments into Technology, Including AI, to Catalyze Growth and ENHANCE PRODUCUCTITITITITITITY e next 12 months, which is much higher than their global counterpart at 47%. Yet, it's important to note that thatFortifying Data Management and Cybersecurity (56%) and Pursuing Cost Optimization Across Business Facets In the Near Term. Moreover, The Acquisition of Technology, New Production Capabilities, or Innovative Startups (44%)Emerges as the leading startgic driver for m & activities.

"Community to tech infletens is not just a response to the present but a strategic leads future. Antial Majority of CEOS Are Actively Aligning their Organizations with An AI-CENTRIC BLUEPRINT for Innovation and Productivity. CEOSMust Navigate This Landscape with A Dual Focus: Accelerating Growth High-Value Tech Investments While Simultaneously Fortifying Data With Integropy AN d CybeRSECURITY. "Said Mahesh Makhija, Ey India Technology Consulting Leader.Jaipur Investment

Sustainability Slips as CEOS Struggle to Showcase Real Financial Benefits to Investors

Despite a Majority of CEOS (60%) ACKNOWLEDGING The Growing Importance of Sustainability Compared to a Year Ago, there is a trend of Sustainability Slipping Down Thown E priority list for almost 16% of CEOS, overshadowed by Financial Constraints and a shift in Boardroom Focus. This. This. ThisJaipur Wealth Management. This. This. This. This.is more evidence among global CEOS, where one in four (26%) Responded that they are deprioritizing Sustainability. Strongly Recognize the Impact of Sustainability Issues on their Supply Chains, A Comparable 40% Acnemingledge to'Green Hushing' -Fearing Being Accused of 'Greenwashing'. FURTHERMORE, 42% Admit to Challenges in Articulating Financial Case for Sustainability Stments.

To BOLSTER The Sustability Agenda, Corporate India Advocates for Technology Incentives, Including AI, As Subsidies and Tax Breaks for Green Technology in VESTSS, Coupled with Governmental Backing of Sustainable Infracture Projects.