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To realise India’s century, need for a new playbook: Bob Sternfels, McKinsey global managing partner

By Economic Times - 4 months ago
McKinsey's Sternfels and Dhawan discuss 'India’s Century,' focusing on sustainable growth amidst geopolitical flux, highlighting renewable investments and EV sales growth. Challenges include high youth unemployment, low infrastructure spending (3% GDP vs. China's 9%), and reskilling needs. Sternfels sees India as a global supply chain hub through 'Make in India' and economic bridges. Key areas include reskilling, infrastructure enhancement, and R&D boosts. Growth models involve consumption-led and investment-led strategies, supported by digital infrastructure and government spending.

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