Cybersecurity threats, geopolitical uncertainty and climate-related disruptions have emerged as the leading risks confronting Indian businesses, according to a joint survey conducted by EY and the Federation of Indian Chambers of Commerce and Industry. The findings reflect growing concern among corporate leaders about interconnected global and domestic vulnerabilities affecting strategic planning.
Cyber risk ranked as a primary concern as organisations accelerate digital transformation initiatives. Increased reliance on cloud infrastructure, data analytics and digital supply chains has heightened exposure to ransomware attacks, data breaches and operational disruptions. Respondents emphasised the need for stronger cyber governance and board-level oversight.
Geopolitical tensions were identified as another significant risk factor, influencing trade flows, supply chain stability and investment decisions. Businesses noted that regulatory divergence and shifting global alliances are creating compliance complexities and operational uncertainty.
Climate risk also featured prominently, with companies acknowledging the financial and operational implications of extreme weather events, transition policies and sustainability expectations. Firms are increasingly integrating climate considerations into enterprise risk management and capital allocation frameworks.
The survey indicates a shift towards integrated risk strategies that combine scenario planning, resilience building and cross-functional coordination. Corporate leaders highlighted the importance of aligning risk appetite with long-term strategy amid volatile market conditions.
As India’s economy continues to expand, managing these systemic risks will be critical to sustaining growth and competitiveness. The findings underscore the need for adaptive risk frameworks that address technological, geopolitical and environmental challenges simultaneously.
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