Indian companies are not only surviving turbulence, but they are building systems to prosper in it, says a new report. The fifth edition of the Risk Index of Corporate India (CIRI) 2024, developed by Icici Lombard in association with Frost & Sullivan, shows that corporate India has exacerbated its risk approach with a CIRI score of 65 in 2024, compared to 64 in 2023, pointing out the handling of risks optimized in the sectors.
This increase reflects a broader transformation in the way companies are responding to geopolitical instability, economic decelerations, the interruption of AI and internal uncertainty, including the period prior to national elections. The companies of the pharmaceutical, medical care, BFSI and manufacturing sectors have integrated resistance into their central strategies, turning volatility into an opportunity for transformation. The adoption of AI, cybersecurity and sustainability fortification initiatives arose as dominant issues that give risk priorities. The report says that Indian companies are moving beyond fire fighting.
According to the report, artificial intelligence arose as the most defining trend of 2024.
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Posted on May 11, 2025