In today’s rapidly evolving world, understanding and effectively managing risks has become paramount for nations striving for stability, progress, and resilience. As risks and uncertainties continue to loom large, there are number of issues which the business leaders are grappling with in current times. In an endeavor to support the business community through an in-depth understanding of these challenges, KPMG in India, in collaboration with IRM (India Affiliate), a leading professional body for Enterprise Risk Management (ERM) examinations across 140 counties, have launched the first edition of “India Risk Taxonomy 2023”. This report aims at understanding various risks which India is facing today, shedding light on the multifaceted challenges that confront the nation across economic, environmental, social, and geopolitical spheres. It also aims to provide real insights to business leaders to respond to the ever changing business complexities. India's risk taxonomy is an amalgamation of formidable challenges that demand attention from policymakers, businesses, and citizens alike.
