2026年风险调查：风险展望——印度风险格局导航

February 2026FICCI-EY Risk Survey 2026 The resilience blueprint:Steering Indian enterprisesthrough new age risks In an era defined by rapid transformationand uncertainty, Indian enterprises arecalled upon to redefine their approachto risk and resilience. I am pleased topresent the “FICCI-EY Risk Survey 2026:Risk outlook – A compass to India’s risklandscape” for Indian businesses. Thisyear’s insights come at a defining pointin India’s economic trajectory. With theeconomy projected to grow at 7.4% in2025–26, supported by strong domesticconsumption and continued capitalinvestment, India stands out as one of theworld’s most dynamic and robust markets. This momentum is, however, unfoldingagainst a risk environment that ismore complex and interconnected thanever. Organizations are navigatingan environment shaped by persistentdisruption, rapid technological shiftsand geopolitical uncertainty. Boundariesbetween strategic, operational, financialand technology risks have largely dissolved.External shocks and internal vulnerabilitiesnow interact at speed, altering enterpriseexposure in ways that demand sharpervisibility and faster decisions. In thisdynamic environment, the ability to foreseeand swiftly adapt to emerging threats hasbecome not just a competitive advantage,but a necessity for survival. India’s position within global supplynetworks introduces further layers ofvulnerability. Heavy dependence onimported capital goods, technology components and energy inputs increases sensitivity to supply bottlenecks, price volatilityand trade policy shifts. These dynamics require businesses to strengthen ecosystemintelligence and build adaptability across their value chains. At the same time, the global geopolitical backdrop remains fluid. Changing tariff regimes,energy realignments and shifts in global alliances are influencing trade flows andcost structures, compressing planning cycles and increasing operational uncertainty.Organizations must move from periodic risk assessments to continuous sensing, analyticalforesight and scenario driven action. Collaboration across industries and with policymakerswill be central to developing agile risk oversight strategies and sustaining long-term growth. New age risks are also reshaping enterprise priorities. Cyber threats continue toescalate in sophistication, while the rapid infusion of AI across operations introducesnew governance, ethical and security considerations. Climate related disruptions, whichwere once considered as long horizon concerns, are now influencing strategic choices,capital allocation and regulatory expectations. Collectively, these risks cut across digitalinfrastructure, data environments, third party relationships and board level decisionmaking, underscoring the need for integrated, technology enabled safeguards. Proactiveadaptation and investment in technology-driven solutions will empower organisations to notonly withstand but thrive amidst uncertainty. The 2026 survey sends a clear signal. Indian businesses are confident in the nation’sgrowth trajectory, but they also recognize that their success will depend on their capacityto anticipate and respond to future challenges in a proactive manner. Those that do so willlead India’s next decade of growth with clarity and conviction. Together, let us embracethis journey of transformation, fostering a culture where resilience and foresight form thebedrock of our shared success. Rohan Sachdev Sudhakar Rajendran India Consulting Leaderand Partner, EY India Risk Consulting Leaderand Partner, EY India Strengthening India’srisk preparedness forsustainable growth Businesses today operate in an environmentmarked by persistent uncertainty andrapid change. Against the backdropof economic volatility, climate-relatedrisks, increasing cyber vulnerabilities,accelerated technological disruption andevolving geopolitical realignments, effectiverisk anticipation and management havebecome critical to long-term sustainability.Recognizing this, FICCI, in partnership withEY, has continued its efforts of capturingindustry perceptions on emerging andevolving risks, consolidating these insightsinto a comprehensive and analytical riskranking through the FICCI-EY Risk Survey. In recent years, businesses have had tonavigate overlapping crises like publichealth disruptions, supply-chain fragilities,energy and food security concerns, financialpressures and shifting workforce dynamics.Even as economic activity is gainingmomentum, the global operating environmentremains fragile, with uncertainty increasinglybecoming a structural feature rather than atemporary phase. On the domestic front, policy interventionsaimed at strengthening economic resilience,improving governance, and positioning Indiaas a globally competitive economy haveplayed a vital role in cushioning externalshocks. Through focused policy reforms,institutional strengthening, infrastructuredevelopment and greater use of technology,the focus has been on anticipating r