![image](https://media.assettype.com/bloombergquint%2F2024-06%2Ff4cb92cd-5c77-4d5d-b268-7942c308c950%2Fbusinessman_using_tablet_analyzing_sales_data_economic_growth_graph_chart_technology.jpg?w=1200&auto=format%2Ccompress&ogImage=true)
Indian CEOs, faced with global economic uncertainty and geopolitical tensions, are doubling down on technology transformation, with a keen focus on artificial intelligence to drive productivity and business growth, according to the EY CEO Outlook Pulse Survey.
Around 80% of the CEOs surveyed expressed optimism regarding their companies’ revenue prospects, while 88% are confident about profitability. This buoyant sentiment is mirrored in the mergers and acquisitions landscape, with 96% of respondents actively eyeing transactions in the coming year, predominantly through initial public offerings.
“In M&A landscape, a higher percentage of CEOs and investors are seeming to be bullish, actively seeking deals, driven by tech acquisition, market expansion, consumer shifts and supply chain security. However, the survey also indicated that some challenges persist in terms of the organisation’s strength in shareholder engagement and alternative deal structures,” said Amit Khandelwal, managing partner, strategy and transactions, EY India.
When asked what the top strategic drivers were for pursuing acquisitions, the survey found that acquiring technology, new production capabilities or innovative startups (44%), growing market share (36%), reacting to changing customer behaviour (32%) and securing supply chains (32%) stood out as the top four key ones.
This post was originally published on 3rd party site mentioned in the title of this site