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McKinsey CEO: This is India’s Century

McKinsey CEO: This is India’s Century

Fifteen years ago former Indian cabinet minister Kamal Nath authored a book titled “India’s Century” that was published by McGraw Hill.  This past week Indian media and India Twitter has gone ballistic with this same headline because McKinsey & Company has repeated this sentiment, 22 years into the century.
In an interview with Economic Times, Bob Sternfels, CEO, and 13th global leader of McKinsey & Company, said that India will be the future talent factory for the world as it will have 20 per cent of the globe’s working inhabitants by 2047.
In support of his statement  that it will not just be India’s decade, but India’s century, Sternfels put forth the following key elements:
  • A large working population
  • Multinational companies re-imagining global supply chains – a massive potential for India across all aspects of manufacturing
  • A country leapfrogging at digital scale – to achieve something special not just for the Indian economy, but potentially for the world

“I’m bringing our global board here in December because we are going to make a “disproportionate” commitment to India. We are about 5,000 people in India now—both in India practice and global centers—and it’s my aspiration to get to 10,000. We are about 40% women today, and I want that to be 50%. We turn 100 in 2026, so my question is, what can we be in 2026 in India. What I want to measure us against is that in an economy, are we making a difference to what I’m calling sustainable, inclusive growth? Is the economy that we’re in growing because of the work that we’re doing? Are the clients that we work with upskilling and adding employment or are they taking away employment? Are our clients hitting their climate goals? India is on that path too.

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