Deloitte Survey

About 60 per cent of Indian private insurers believe there has been a significant rise in insurance-related frauds, and as risks lurk there is an immediate need to consider a proactive fraud risk management framework, a Deloitte survey said on Thursday. Insurance companies in India have experienced a rise in fraud instances in life and health insurance, and increased digitisation, remote working post pandemic and weakened controls are key factors contributing to frauds, according to Deloitte's Insurance Fraud Survey 2023. "About 60 per cent of survey respondents believe that there has been a significant rise in fraud, while further 10 per cent experienced a marginal increase," the survey said. The survey, conducted in the second quarter of FY2023, was based on interviews with key C-suite stakeholders/senior management responsible for compliance across leading private insurers in India. Technology-led innovation in the insurance sector has brought agility, speed, superior customer .

Compared to the global average, Indian CxOs are likely to report feeling more stakeholder pressure to act from board members - 78 per cent, the government 72 per cent and shareholders 71 per cent

A vast majority of the business leaders believe that the Production Linked Incentive (PLI) schemes have been beneficial and expect an extension to other sectors in the coming years, a Deloitte Survey said on Friday. An overwhelming number of survey respondents hope the budget will fuel growth across industries by building strong domestic demand and focussing on capital expenditure and believe that it would define the 'Amrit Kaal'. "Critical to this growth will be the pace of capital expenditure, infrastructure development, and the need to boost infrastructure financing through private partnership. 60 per cent of respondents suggested raising funds through Indian Government Bonds," the survey said. The survey aimed to analyse the industry expectations from the upcoming budget, from the standpoint of economic growth, trade agreements and exports. A total of 181 responses were collated from the survey, across 10 industries. More than 70 per cent of respondents agree that various PLI .

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Poor mental health amongst employees costs Indian employers around USD 14 billion annually in absenteeism, lower productivity and attrition, according to Deloitte's Mental Health Survey. Over the years, mental health issues have seen a steady rise globally, accentuated further by the onset of COVID-19. According to World Health Organisation (WHO), India accounts for nearly 15 per cent of the global mental health burden. To analyse the current state of mental well-being amongst Indian employees, Deloitte Touche Tohmatsu India LLP (DTTILLP) undertook a survey titled 'Mental health and well-being in the workplace', it said in a statement. The survey dives into the top stressors from an employee's perspective, along with an estimate of the yearly economic cost to Indian companies arising from poor employee mental health. Around 47 per cent of professionals surveyed consider workplace-related stress as the biggest factor affecting their mental health, followed by financial and COVID-19

Moreover, 67% of respondents expected the quality of government services to be on par with those offered by the private sector

The GST regime has also positively affected the prices and costs of goods and services to end consumers, along with helping companies optimise their supply chains, Deloitte GST@5 Survey 2022 found.

One of the key trends emerging from the survey is the gradual return of Indians to their offices

Approximately, 12 per cent employees were promoted in 2021, as compared to 10 per cent in 2020

India remains an attractive destination for foreign direct investments (FDI) on account of healthy prospects of economic growth and its skilled workforce, according to a survey by Deloitte. A large proportion of international business leaders remain confident in India's short- and long-term prospects and are readying plans to make additional and first-time investments in the country, it said on Tuesday. "The survey, which questioned 1,200 business leaders of multinational corporations in the US, UK, Japan and Singapore, found that India remains an attractive destination for investments, scoring highly for its skilled workforce and prospects for economic growth," the survey - India's FDI Opportunity - said. India can target attracting greater FDI into seven capital-intensive sectors - textile and apparel, food processing, electronics, pharmaceuticals, vehicles and parts, chemicals and capital goods - that have contributed USD 181 billion of merchandise exports in 2020-21, it ...

The survey of more than 2,000 managers and public-sector business leaders worldwide highlights how investments that allow home-working will be increasingly important

From groceries to electronics, consumers are more willing to buy online as compared to three months back

The survey will be released on August 26

Amid shuttered dealerships and deserted roads, leading car brands including Mercedes Benz, Honda Cars, Volkswagen, and BMW have embarked on campaigns and dedicated online portals

The survey found that almost 50% of the companies surveyed are projecting a salary increment of less than 8% for 2020-21 and only 8% companies are expecting to offer pay increases greater than 10%.

The study also dwells on consumer preference with regard to data privacy and the money Indian buyers are willing to spend on connected vehicles.

The size of the e-commerce market will grow at least sevenfold to capture 11.4 per cent of the retail market by 2026 from 3 per cent in 2017, says a Deloitte report

The survey is based on responses of more than 250 chief financial officers (CFOs), with revenues of their companies spanning from less than Rs 5 bn to more than Rs 100 bn