India offers many tailwind opportunities in various sectors: McKinsey India






Companies must choose growth mindset and constantly evaluate resource allocation to boost growth, McKinsey India said.


Growth is the only oxygen that India needs, McKinsey India senior partner Jaidit Brar said at the annual convention of Madras Management Association here.


“The drivers of margin accretive growth are relentless cost and value engineering; quality of revenue, new business models and scale benefits,” he said at the event which was held on the theme “India’s Century: How to Drive Sustainable, Inclusive Growth?”.


Companies must choose growth mindset, constantly evaluate resource allocation, pursue adjacent opportunities, serve global markets, he said.


NITI Aayog former CEO Parameswaran Iyer said the Centre wants to create facilities that would remove the divide between villages and cities and government would be an enabler and not implementer.


India is very much on the path to become a developed nation, thanks to its economy, sound macro-economic fundamentals, robust public finance, strong manufacturing, export growth and leadership in climate action, he said.


Lok Sabha MP N K Premachandran, who inaugurated the conference, said business management plays an important role in the growth of a nation and underlined the need for proper scientific management of resources.


MMA President and Tata Consultancy Services vice president, Suresh Raman, MMA senior vice president and TSM Group of Companies partner-director K Mahalingam were also present on the occasion.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


For more latest Economy News Click Here 

Read original article here

Denial of responsibility! FineRadar is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – abuse@fineradar.com. The content will be deleted within 24 hours.
allocationArticlesbusinessCEOEconomyEconomy NewsFine RadarHeadlinesIndiaIndian EconomyInvestment Management & Fund Operators (NEC)IT Services & Consulting (NEC)manufacturingMcKinseyMcKinsey & CompanymindsetN K PremachandranoffersopportunitiesResource allocationsectorsStrategic ManagementTailwindtata consultancyTSM GroupWorld economy News
Comments (0)
Add Comment