The blank requires an adverb at its place to modify the verb 'look'. The sentence talks of Indian tech companies facing a shortage of leaders. As a result, they are looking towards external candidates for replacement. Thus, the word 'increasingly' fits correctly in the blank as its use conveys that the crunch is force more and more companies to look outside their company for leaders. Hence, option (e) is the correct answer.
The word 'grow' is a verb, the word 'wide' is an adjective, while the word 'expansion' is a noun. Hence, options (a), (c) & (d) are eliminated. The word 'never' does not fit into the blank as it does not suit the context of the sentence; if companies never look for replacement, they won't face a crunch. Hence, option (b) is eliminated.