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NEW DELHI: Top Indian CEOs are betting big on AI. In the face of global economic uncertainty and geopolitical tensions, CEOs are doubling down on technology transformation, with a keen focus on artificial intelligence (AI) to drive productivity and business growth, according to the latest India-specific insights 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. This buoyant sentiment is mirrored in the mergers and acquisitions (M&A) landscape, with a staggering 96% of respondents actively eyeing transactions in the coming year, predominantly through initial public offerings (IPOs).
Amit Khandelwal, managing partner, strategy and transactions, EY India, said, “In the M&A landscape, a higher percentage of CEOs and investors are seeming to be bullish… However, the survey also indicated that some challenges persist in terms of the organisation’s strength in shareholder engagement and alternative deal structures.”
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