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technology: Indian CEOs are investing more capital in technology than their global peers, but winning with tech needs more than just money
Technology

technology: Indian CEOs are investing more capital in technology than their global peers, but winning with tech needs more than just money

The recently published KPMG 2022 India CEO Outlook report has highlighted that both in India and globally, CEOs have identified emerging technologies as one of the biggest factors of growth. Interestingly, 72 percent CEOs in India are placing more capital investment in buying new technology compared to 56 percent of CEOs doing the same globally. Moreover, there is also a substantial increase in this trend compared to last year as only 52 percent of Indian CEOs prioritized technology investments in August 2021.There have been several drivers of increased investment in digital/emerging technologies in India including COVID-19, the proliferation of the digital India stack, the growing smartphone user base and technology becoming simpler. However, there are concerns that the capital investm...