58% of CEOs in India expect a recession to be mild and short: KPMG survey

At least 58 per cent of chief executive officers (CEOs) in India expect a recession to be “mild and short", but a large number of them compared to counterparts globally, estimate the recession to hit global earnings by up to 10 per cent, a report said on Monday.

According to KPMG 2022 India CEO Outlook, which asked over 125 CEOs about their strategies, stated 66 per cent CEOs in India compared to 86 per cent globally anticipating a recession to hit over the next year, Livemint reported.

Eighty-six per cent CEOs in India compared to 71 per cent CEOs globally predicting it