With the corporate earnings season in full swing, a majority of the Indian chief executives are confident that their respective companies will show robust performances-at least for the next three years, says a KPMG report titled 'India CEO Outlook 2018'.

Share Market Live

NSE

According to the report, while the CEOs are confident of their company's growth, they did not seem much confident about country's economic growth.

ALSO WATCH: We survey about 1,300 CEOs globally, says KPMG’s Arun Kumar

The survey also found that India's chief executives have a shorter time span in the company as compared to the core economies. The average time-span of every Indian chief executive, according to the survey, is 4.9 years, while the CEOs in the core economies, America, Asia-Pacific, Europe, the Middle East, the Nordics and Africa, have an average term of 5.7 years.

Here are the key takeaways from the survey:

91 percent CEOs are confident about the growth prospects of their company for the next three years.

KPMG surveyed 1,300 chief executives across the world of which 125 CEOs were from India. 69 percent of the CEOs in India indicated that they are optimistic about the country's economic growth as against 81 percent of the executives, who were confident about the industry prospects.

The survey finds that 57 percent of the Indian CEOs acquisitions will have only a moderate impact on the organisation, with the remainder split between making no acquisitions, that is 25 percent, and making acquisitions with significant impact, that is 18 percent.

62 percent of the Indian CEOs see emerging markets as the biggest priority for geographical expansion over the next three years quoting central, South America and Eastern Europe as the company's main focus for the expansion.

The robust corporate earnings' and the overall financial performance of the company are major indicators to determine cash bonus, the survey finds.

A majority of the chief executives also see the growing cyber security threats as a risk which could hurt the company's health in the long term.

Ninety-four percent of the chief executives said the disruption in the industry is more of an opportunity than a threat. However, the same proportion, 93 percent, also seems overwhelmed by the time needed to make progress.

First Published:Jul 27, 2018 10:41 AM IST