~ 70% GCCs eying tech collaborations for ESG implementation ~67% indicate that they are in the process of establishing sustainability strategies for ESG implementation

Instagram and YouTube are the most preferred platforms for consuming content. 75% of brands expect to consider influencer marketing as part of their marketing strategy.

The media and entertainment (M&E) sector grew over 8% in 2023 70% of this growth stemmed from new media, which now constitutes 38% of the sector

Firms deploying GenAI are seeing reduction in early-stage drug development costs, and improvement in operational efficiencies

CXOs believe that GenAI’s impact will be highest in the area of customer experience (89% of respondents), followed by innovation (66%), cost reduction (48%) and revenue growth (48%)

Retail investments in AI are expected to soar to US$31 billion by 2028 Gen AI could potentially elevate the retail sector’s profitability by 20% by 2025 80% of organizations express low-to-moderate readiness

84% of CEOs are accelerating Generative AI (GenAI) investments to maintain competitive advantage. 62% feel fast paced technology changes and regulatory environment restricts capital allocation.

75% of C-suite survey respondents express a low to moderate level of readiness to harness the benefits of Generative AI. Recommends regulatory actions to foster innovation.

The sector has grown at a CAGR of 28%, reaching INR16,428 crore in FY23. It is expected to attract investments worth INR22,931 crore between FY20 and FY24 YTD from both domestic and foreign sources.

EY survey reveals that Indian music generates INR12,000 crores directly and indirectly Music publishing revenues in India have grown 2.5x in three years to INR884 crore

Need for a resilient innovation ecosystem to foster collaborative engagement between stakeholders. Culture, capability development, and robust governance cited as critical success factors.

Need for a resilient innovation ecosystem to foster collaborative engagement between stakeholders. Culture, capability development, and robust governance cited as critical success factors.

Diversifying services beyond IT, finance, HR, supply chain to include newer offerings like marketing, legal, ESG, analytics, data. 55% have established a mature data and analytics practice as part of their digital strategy.

August 2023 recorded US$5.2 billion in PE/VC investments. Growth investments were highest in August 2023 at US$2.4 billion, a 12-fold increase y-o-y in value terms.

The inaugural edition of the EY GCC Awards 2023 marked a momentous occasion for the global business community as it recognized and celebrated outstanding achievements of Global Capability Centers (GCCs) in India.

Launches the fourth edition of its annual flagship challenge ‘Techathon’. Aims to expand its talent pool for its growing Technology Consulting practice; 1,300+ graduates hired from campuses in last six months alone.

3Q2023 recorded US$13.6billion in PE/VC investments. Growth investments were the highest in 3Q2023 at US$4.5 billion followed by buyouts at US$3.5 billion.

More than half of the organisations surveyed cited concerns about the potential impact of privacy regulations on its operations and data handling practices. 68% consumers trust in businesses that are transparent about their data privacy frameworks.

Blockbuster movie artificial intelligence (AI) technology used to create central campaign film More than 200 EY people featured to illustrate that confidence in AI will come from helping to ensure humans are at the center of the transformation

India has emerged as the global leader in the number of IPOs year-to-date in 2023. The third quarter of 2023 saw a staggering 21 IPOs in the Indian main market, compared to just four in the same quarter of 2022.

75% of organizations encounter a talent gap to enable cloud journeys as the release of the technologies is faster than its adoption and man-power readiness for it to be implemented and sustained.

99% of Indian B2B SaaS companies profiled have embraced DeepTech innovations, with 1 out of 4 (25%) being inventive DeepTech

75% of organizations encounter a talent gap to enable cloud journeys as the release of the technologies is faster than its adoption and man-power readiness for it to be implemented and sustained.

strong action plans are needed to create a robust demand, boost manufacturing, attract investments and facilitate exports to make India the drone hub of the world by 2030, offering the most competitive and innovative manufacturing capabilities.