• Technological and geopolitical disruptions redefine India’s risk landscape, creating both challenges and opportunities.
• Cyber and Legal/Regulatory Risks lead the short-term risk rankings, and Cyber and Technology Risks lead the long-term risk rankings for 2025. While Talent Risk continues to be a persistent priority.
• Risk Culture lags behind Process Maturity - true resilience demands ownership from the top.
• Despite improved Preparedness, gaps persist in translating risk strategy into action across sectors.

In an era defined by geopolitical uncertainty, rapid digital transformation, and increasingly sophisticated fraud risks, organizations are being challenged to strengthen their resilience like never before. The 3rd edition of the India Risk Report 2025 by the Institute of Risk Management (IRM) - India Affiliate and ICICI Lombard highlights how technological disruption and global realignments are reshaping India’s Risk Landscape. As the nation advances toward its Viksit Bharat 2047 vision, the report underscores the urgent need for enterprises to integrate technology, governance, and ethical leadership into their risk management frameworks for sustainable growth.

This year’s report serves as a crucial reflection of how Indian enterprises are navigating an increasingly complex global risk landscape shaped by two dominant forces - technology and geopolitics. It presents an in-depth analysis of enterprise risk perceptions, preparedness, and resilience based on the IRM India – ICICI Lombard Enterprise Risk Perception Survey 2025 (ERPS-2025). The survey was conducted over a two-month period ending in August 2025, targeting 650 organizations and receiving over 250 responses, of these, CXOs accounted for 55% and senior management for 35%, providing a full view of risk trends, priorities, and emerging resilience practices across Indian enterprises. The report not only captures how organizations perceive and prepare for top short-term and long-term risks but also examines their evolving ability to turn these risks into opportunities through stronger culture and process maturity in an increasingly complex and volatile business environment.