Not Only This Decade, But The Whole Century Belongs To India - McKinsey's Sternfels

The CEO of McKinsey & Company has said a big thing about India. India will be the future hub for expertise production, according to McKinsey & Co. CEO Bob Sternfels, as it is expected to have 20% of the world's working population by 2047. With a large working population, multinational companies reimagining global supply chains, and a nation leapfrogging at a digital scale, according to Sternfels, it will not only be India's decade but also India's century, to achieve something special not only for the Indian economy but possibly for the entire world.

He has said that India will lead the world in the coming times, not only in this decade but in the whole century. Bob Sternfels, CEO of McKinsey & Company, noted that companies catering to global supply, working population, and the leap in digital scale, not only this decade, but the entire century belongs to India. He said in his statement, that India has all the key elements. There are a large number of working people. There are multinational companies catering to the global supply.

Apart from this, India has taken a very high leap on the digital front. This is very special not only for the Indian economy but also for the global economy. Bob said that India is the future talent factory for the world. By 2047, the share of Indian skills in the total working population of the world will be 20 percent. He said, India today has huge potential for manufacturing in all aspects. The country is doing much better in other areas including service. The McKinsey CEO said India has great potential. That's why the company has made a special plan for India. McKinsey's board will visit India in December this year. He said, at present, there are 5 thousand people from India in the company. He wants to increase it to 10,000.