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