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‘Government policies pose biggest risk to India Inc in next 3 years’

Wednesday, September 12, 2018

Government policies pose the biggest risks for companies over the next three years, followed by cyber security and technology disruptions, a survey of over 100 top company executives has revealed.

The primary reason for this trend is that CXOs are considering regulatory compliance as a critical value protector exercise, the Deloitte India Risk Survey 2018 noted.

The survey showed a divide on the viewpoint of risk management amongst Indian organisations.

While 44% of businesses harness risks to find future opportunities and drive returns, 36% use risk management with an aim to drive compliance and prevent losses.

This insight is further substantiated with the fact that regulatory risk with 44% leads amongst the top three risk areas in the country, followed by cyber security with 31% and technology disruption at 25%, the study said.

Interestingly, the report shows that three years from now, there will be an expected shift in the trend.

Cyber security will take the lead with 36% amongst the top three risks for businesses, followed by technology disruption risk with 33% and regulatory risks at 31%.

The survey was conducted among over 100 top senior executives such as chief executive officers, chief financial officers, chief risk officers, business leaders and heads of internal audit.

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