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    Likely recession, cyber security and geopolitics major concerns for business leaders: JP Morgan

    Synopsis

    Nine out of 10 business leaders expect growth in profit and revenue, but also expect increased capital expenditure and higher credit, a survey of 300 top corporate executives showed.

    JP MorganAgencies
    "Local business leaders have confidence in the economy despite ongoing global economic and geopolitical challenges, as well as the potential of a global recession," said Pranav Chawda, head of commercial banking India, JPMorgan.
    Mumbai: A likely recession, global geopolitical unrest and cyber security are the three main concerns of Indian business leaders, as companies seek to find balance between artificial intelligence adoption in key business operations and data privacy, said JP Morgan.

    Nine out of 10 business leaders expect growth in profit and revenue, but also expect increased capital expenditure and higher credit, a survey of 300 top corporate executives showed.

    "Local business leaders have confidence in the economy despite ongoing global economic and geopolitical challenges, as well as the potential of a global recession," said Pranav Chawda, head of commercial banking India, JPMorgan.

    Majority of Indian businesses expect costs to keep rising this year due to the likelihood of inflation remaining reasonably high. About 65% of these businesses said that introduction of new products, expansion into new geographical markets and partnerships will be part of growth strategy.




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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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