India, like the rest of the world, is currently grappling with profound uncertainty triggered by a combination of shocks, including geopolitical volatility, high inflation, supply chain disruptions, climatic events, and a deadly global pandemic. At the same time, there are several tailwinds that have the potential to power India’s growth in the coming years, from the scale of domestic consumption to favorable demographics, an expanding tech ecosystem, and rapid digitization of the economy.
In such a scenario, what is the appropriate economic model that could help Indian businesses withstand these shocks, as well as grow in a sustainable, inclusive, and resilient manner?
To discuss the path forward for India’s economy, Rajat Dhawan, McKinsey’s managing partner for India, recently sat down in the firm’s Mumbai office with McKinsey senior partner Alok Kshirsagar and McKinsey Global Institute partner Anu Madgavkar.
In this video discussion, Dhawan, Kshirsagar, and Madgavkar discuss the key growth targets for India over the next decade—and what it would take to get there.
Watch their video discussion to learn the following:
- what sustainable and inclusive growth really means in the Indian context
- how Indian companies can capitalize on opportunities created by a greener and more digitized economy
- how India’s unicorns and decacorns are spurring innovation, productivity, and economic growth
- how companies can use next-generation technologies to develop a more sustainable supply chain
- how the construction industry can accelerate job creation in India
- three key challenges that India needs to address to achieve its sustainability and inclusivity goals