India - Now Is The Time

Saying that "I truly assume it is India's century", Bob Sternfels, CEO of global consultancy giant McKinsey has said that the company plans a "disproportionate commitment" to the country in the coming years, doubling its headcount in the country.

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Sternfels said that India has "leapfrogged on the digital scale" and "is the longer-term expertise manufacturing unit for the world". This vote of confidence from one of the world's most respected firms underlines the success that India is enjoying and its progress toward meeting its bold goals. In July, heavy industries minister Mahendra Nath Pandey said that India would hit its target of a $5trn economy "in the near future”, and Sternfels' comments indicate the success of the government's "Make in India" initative, which aims to boost its manufacturing sector through both domestic and foreign direct investment.

In order to deal with the economic problems arising out of the pandemic, in India we have adopted the mantra of ‘reform, perform and transform’”, Modi told the BRICS Business Forum in June 2022. “The results of this approach are evident from the performance of the Indian economy. This year, we are expecting 7.5% growth, which makes us the fastest-growing major economy. Transformative changes are taking place in every sector in the emerging ‘New India’.”