Indian CEOs top global average on plans to cut operating costs: Global CEO Survey

The survey also found that about four in ten CEOs (40% of global and 41% of Indian respondents) do not expect their companies to be economically viable in 10 years if they continue on their current path.

Amid rising geopolitical risks, a vast majority of Indian CEOs have indicated in a survey that they are reducing or planning to reduce operating costs, even as they are more upbeat than their global peers on their country's economic prospects.

However, most of the companies do not plan to cut their headcount or salaries, found the annual Global CEO Survey released by consultancy giant PwC in Davos on the first day of the World Economic Forum (WEF) meeting on January 16.

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The survey also found that about four in ten CEOs (40% of global and 41% of Indian respondents) do not expect their companies to be economically viable in 10 years if they continue on their current path.

Also, about 78% of India CEOs, 73% of global CEOs and 69% of Asia Pacific CEOs believe that global economic growth will decline over the next 12 months. But the survey also indicated that despite the gloomy global outlook, India CEOs are hopeful about the country's economic growth. More than five in ten CEOs (57%) express optimism about India's economy over the next 12 months.

In comparison, only 37% of Asia Pacific CEOs and 29% of global CEOs expect economic growth to improve in their countries or regions over the next 12 months.