Global consultancy firm McKinsey & Co. India has said that India holds many tailwind opportunities in many sectors and that companies must choose growth mindset. Company’s senior partner Jaidit Brar noted that growth is the only oxygen that India needs.
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New Delhi, Feb. 27: Global management consulting firm McKinsey & Co. India, has said that companies must choose growth mindset and constantly evaluate resource allocation to boost growth. Speaking at the annual convention of Madras Management Association, company’s senior partner Jaidit Brar noted that growth is the only oxygen that India needs.
The drivers of margin accretive growth are relentless cost and value engineering; quality of revenue, new business models and scale benefits… Companies must choose growth mindset, constantly evaluate resource allocation, pursue adjacent opportunities, serve global markets,” he said. The event was held on the theme “India’s Century: How to Drive Sustainable, Inclusive Growth?”.
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.
The event was inaugurated by Lok Sabha MP N K Premachandran. 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.
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