\n
India is on the move. In the midst of considerable turmoil in many emerging markets, Indian growth in 2016 is projected to remain strong — the World Bank<\/a> forecasts 7.8% GDP<\/a> growth in 2016, compared to 4.8% for developing countries overall. India’s long-term prospects are equally bright — the Indian consuming class is expected to more than triple to 89 million households by 2025. By 2030, India will have 75 cities with a population of over 1 million people.
\n
Poverty and inequality remain barriers to achieving India’s full potential. The McKinsey<\/a> Global Institute estimates that the level of consumption needed to meet basic human development needs (such as water and sanitation) is 1.6 times higher than India’s official poverty line — and that 56% of Indians, or over 700 million people, live below this “empowerment line”. Many women still lack access to education, health services, and economic opportunity, inhibiting India’s potential growth.
\n
\nThe new government has made bold plans to transform the nation in the next decade. Many programmes are still in their initial phases, but action so far has included higher bank account penetration, a strong push on jobs and growth through Skill India and Make in India initiatives, and reduced “leakage” of social assistance by transferring funds directly to beneficiaries. There is still work to be done, but the public sector has generated strong momentum.
\n
\nWe see four additional “gamechangers” for India, to help the nation reach the next phase in economic maturity and social equality: harnessing the power of disruptive digital technologies, unlocking the potential of women, achieving energy independence, and accelerating reforms.
\n
\n1. Harnessing the power of disruptive digital technologies<\/strong>
\n
We estimate that the 12 most disruptive technologies could have $16.6 trillion-$23.7 trillion in economic impact by 2025. Chief among this “disruptive dozen” are new digital technologies — e.g., mobile Internet, the automation of knowledge work, and the Internet of Things. These technologies have the power to transform the lives of millions of Indians, delivering services from education to healthcare to banking at extremely low cost. Indian tech entrepreneurs are also using new digital technologies to create jobs and economic value, founding innovative companies known worldwide — e.g., Flipkart<\/a>, Snapdeal, and Ola.
\n
\nThe government’s planned Digital India effort is an important step toward bringing the benefits of technology to all Indians. The social and private sectors should also engage, expanding delivery of social services through mobile technologies and driving private innovation across the Indian economy.
\n
\n2. Unlocking the potential of women<\/strong>
\n
\nWomen contribute only 17% of India’s GDP today, and comprise only 24% of the workforce — compared with 40% globally. Raising female economic participation as part of a broad drive toward advancing women’s equality would have huge economic benefits. If India were to match the progress towards gender parity of the fastestimproving country in its region, for example, it could add $700 billion to its GDP in 2025.
\n
\nOpening doors to economic opportunity for women is vital. But for women to be equal participants in work, they need to be equal partners in society. Concerted action can make this happen, including closing gender gaps in education; lowering barriers to job creation in tourism, healthcare, and manufacturing; further strengthening legal protections for women; and improving infrastructure to address the high burden of routine domestic work, childcare, and elder care on women.
\n
\n3. Achieving energy independence<\/strong>
\n
\nHistorically, India has been a massive energy importer. Though India’s per capita energy consumption is still low compared to many Western countries, India will need more and more power as a large portion of the population enters the consuming class. The cost of importing fossil fuels could be a considerable drain onpublic and private funds.
\n
Achieving energy independence will require a multipronged approach, including investments in conventional and renewable energy sources, adoption of new energy storage technologies, and improved energy efficiency norms. Leaders from across the public, private, and social sectors must collaborate, setting ambitious targets for renewable energy adoption (such as those being set by the government for solar power<\/a> production) and investing in domestic innovation in advanced conventional and renewable technologies.
\n
\n4. Accelerating reforms<\/strong>
\n
\nRecent public sector reforms in India are bearing fruit. The World Bank ranks India as 130th globally in terms of ease of doing business, up from 142nd last year. India’s ranking on the World Economic Forum’s Global Competitiveness report is now 55, from 71.
\n
\nAs these rankings suggest, India has made meaningful headway in regulatory reform, though there is still substantial work to be done. The country still is in the bottom half of most ease of doing business rankings, and a sharper focus on reforms could help boost investment and productivity. India should consider setting targets for measuring success (such as investment targets) and streamlining government processes with the help of empowered agencies to coordinate central, state, and local government bodies. Improved urban governance could also help spur growth in mid-sized cities, which are the economic engines of the future. The McKinsey Global Institute estimates that only 27% of India’s urban population lives in mid-sized cities (i.e., those with populations between 0.5 million and 4 million) — if India follows China’s urbanisation trajectory, this figure could rise to nearly 50% over the next few years.
\n
\nIndia has enormous potential. Tri-sector collaboration on four key dimensions — harnessing the power of disruptive digital technologies, unlocking the potential of women, achieving energy independence, and accelerating reforms — could help the country reach the next “Scurve” of its development and fully take its place as a global economic leader.
\n
\n
\n
\n(Dominic Barton is the global managing director of McKinsey)
\n
Mckinsey global MD Dominic Barton will be speaking at ET GBS<\/a>, to be held in New Delhi on January 29-30<\/em>\n\n<\/body>","next_sibling":[{"msid":50619691,"title":"BSNL launches WhatsApp-based complaint number, Wi-Fi spots in MP","entity_type":"ARTICLE","link":"\/news\/bsnl-launches-whatsapp-based-complaint-number-wi-fi-spots-in-mp\/50619691","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":50619710,"entity_type":"ARTICLE","title":"Faster reforms could help India grow rapidly: Dominic Barton, McKinsey","synopsis":"Many women still lack access to education, health services, and economic opportunity, inhibiting India\u2019s potential growth.","titleseo":"telecomnews\/faster-reforms-could-help-india-grow-rapidly-dominic-barton-mckinsey","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":false,"artdate":"2016-01-18 08:32:28","lastupd":"2016-01-18 08:33:27","breadcrumbTags":["World Bank","policy","gdp","Solar power","McKinsey","Flipkart","Dominic Barton","ET GBS"],"secinfo":{"seolocation":"telecomnews\/faster-reforms-could-help-india-grow-rapidly-dominic-barton-mckinsey"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2016-01-18" data-index="article_1">
通过鲍达民
印度是在移动中。在相当大的动荡在许多新兴市场,2016年印度经济增长——预计将保持强劲世界银行预测的7.8%国内生产总值为发展中国家相比,在2016年增长到4.8%。印度的长期前景也同样亮——印度消费阶层预计将超过三到2025年的8900万户家庭。到2030年,印度将有75个城市人口超过100万人。
贫困和不平等仍然障碍实现印度的全部潜力。的麦肯锡全球研究所估计,消费水平需要满足基本的人类发展需求(比如水和卫生设施)是印度官方贫困线1.6倍,56%的印度人,或超过7亿人,生活在这个“权力线”。许多妇女仍然缺乏教育、医疗服务、和经济机会,抑制印度的增长潜力。
新政府做出了大胆的改变美国未来十年的计划。许多项目仍处于初始阶段,但行动到目前为止包括更高的银行账户渗透,一个强大的推动就业和经济增长通过技能印度和印度的主动性,并降低“泄漏”转移的社会救助基金直接受益者。还有工作要做,但公共部门产生了强劲的势头。
我们看到四个额外的印度“改变游戏规则”,来帮助这个国家达到下一阶段经济成熟和社会平等:利用颠覆性的数字技术的力量,释放女性的潜力,实现能源独立,加速改革。
1。数字技术利用颠覆性的力量
我们估计12最颠覆性技术可能有16.6万亿- 23.7万亿美元到2025年的经济影响。首当其冲的这种“颠覆性打”新的数字技术——例如,移动互联网、知识工作的自动化,和互联网的东西。这些技术有能力将数以百万计的印度人的生活,从教育到医疗保健提供服务的银行以极低的成本。印度科技企业家也使用新的数字技术来创造就业机会和经济价值,建立创新型企业全球闻名,例如,Flipkart公司、Snapdeal和Ola。
政府的计划数字印度努力是一个重要的一步将所有印第安人技术的好处。社会和私人部门也应该参与,扩大社会服务交付通过移动技术和驾驶私人创新在整个印度经济。
2。释放女性的潜力
今天印度GDP的贡献只有17%,女性只占全球劳动力的24%,这一比例为40%。提高女性经济参与广泛的一部分驱动对推进妇女的平等将具有巨大的经济效益。如果印度与性别平等进程fastestimproving国家的地区,例如,它可以增加7000亿美元到2025年的国内生产总值。
打开大门,妇女的经济机会是至关重要的。但对女性平等参与的工作,他们需要在社会中平等的伙伴。采取协调一致的行动能让这发生,包括关闭教育中的性别差距;降低就业门槛在旅游、医疗保健、和制造;进一步加强法律对妇女的保护;和改善基础设施的高负担日常家务,照顾孩子,照顾老人。
3所示。实现能源独立
传统上,印度一直是一个巨大的能源进口国。尽管印度的人均能源消耗还低许多西方国家相比,印度需要更多和更大的权力很大一部分的人口进入消费阶层。进口化石燃料的成本可能是一个相当大的排水onpublic和私募基金。
实现能源独立,需要多管齐下的方法,包括常规和可再生能源的投资,采用新能源存储技术,提高能源效率标准。领导人在公共、私人和社会部门必须合作,设定雄心勃勃的目标采用可再生能源(如那些由政府设定太阳能发电生产),投资于国内先进的常规和可再生能源技术的创新。
4所示。加快改革
最近的公共部门改革在印度正在开花结果。世界银行在全球排名第130位印度经商,高于去年的142。印度的排名在世界经济论坛的全球竞争力报告现在55岁,从71年开始。
这些排名显示,印度在监管改革已经取得有意义的进展,但仍有大量工作要做。下半部的国家仍然是最轻松做生意的排名,而更关注改革可能有助于促进投资和生产力。印度应该考虑设定目标来衡量成功(如投资目标)和精简政府过程的帮助下授权的机构来协调中央、州和地方政府机构。改进城市管理也有助于刺激经济增长在中型城市,未来的经济引擎。麦肯锡全球研究院估计,印度只有27%的城市人口生活在中型城市(即。,那些人口在050万年到400万年之间),如果印度跟中国的城市化发展轨迹,这个数字可能会上升到近50%在接下来的几年里。
印度有巨大的潜力。Tri-sector合作四个关键维度——利用颠覆性的数字技术的力量,释放女性的潜力,实现能源独立,并加速改革——可以帮助国家实现未来的“Scurve”发展,完全取代其作为全球经济领袖。
(Dominic Barton麦肯锡全球董事总经理)
麦肯锡全球董事总经理将在多米尼克·巴顿ET GBS1月29 - 30日在新德里举行
印度是在移动中。在相当大的动荡在许多新兴市场,2016年印度经济增长——预计将保持强劲世界银行预测的7.8%国内生产总值为发展中国家相比,在2016年增长到4.8%。印度的长期前景也同样亮——印度消费阶层预计将超过三到2025年的8900万户家庭。到2030年,印度将有75个城市人口超过100万人。
贫困和不平等仍然障碍实现印度的全部潜力。的麦肯锡全球研究所估计,消费水平需要满足基本的人类发展需求(比如水和卫生设施)是印度官方贫困线1.6倍,56%的印度人,或超过7亿人,生活在这个“权力线”。许多妇女仍然缺乏教育、医疗服务、和经济机会,抑制印度的增长潜力。
新政府做出了大胆的改变美国未来十年的计划。许多项目仍处于初始阶段,但行动到目前为止包括更高的银行账户渗透,一个强大的推动就业和经济增长通过技能印度和印度的主动性,并降低“泄漏”转移的社会救助基金直接受益者。还有工作要做,但公共部门产生了强劲的势头。
我们看到四个额外的印度“改变游戏规则”,来帮助这个国家达到下一阶段经济成熟和社会平等:利用颠覆性的数字技术的力量,释放女性的潜力,实现能源独立,加速改革。
1。数字技术利用颠覆性的力量
我们估计12最颠覆性技术可能有16.6万亿- 23.7万亿美元到2025年的经济影响。首当其冲的这种“颠覆性打”新的数字技术——例如,移动互联网、知识工作的自动化,和互联网的东西。这些技术有能力将数以百万计的印度人的生活,从教育到医疗保健提供服务的银行以极低的成本。印度科技企业家也使用新的数字技术来创造就业机会和经济价值,建立创新型企业全球闻名,例如,Flipkart公司、Snapdeal和Ola。
政府的计划数字印度努力是一个重要的一步将所有印第安人技术的好处。社会和私人部门也应该参与,扩大社会服务交付通过移动技术和驾驶私人创新在整个印度经济。
2。释放女性的潜力
今天印度GDP的贡献只有17%,女性只占全球劳动力的24%,这一比例为40%。提高女性经济参与广泛的一部分驱动对推进妇女的平等将具有巨大的经济效益。如果印度与性别平等进程fastestimproving国家的地区,例如,它可以增加7000亿美元到2025年的国内生产总值。
打开大门,妇女的经济机会是至关重要的。但对女性平等参与的工作,他们需要在社会中平等的伙伴。采取协调一致的行动能让这发生,包括关闭教育中的性别差距;降低就业门槛在旅游、医疗保健、和制造;进一步加强法律对妇女的保护;和改善基础设施的高负担日常家务,照顾孩子,照顾老人。
3所示。实现能源独立
传统上,印度一直是一个巨大的能源进口国。尽管印度的人均能源消耗还低许多西方国家相比,印度需要更多和更大的权力很大一部分的人口进入消费阶层。进口化石燃料的成本可能是一个相当大的排水onpublic和私募基金。
实现能源独立,需要多管齐下的方法,包括常规和可再生能源的投资,采用新能源存储技术,提高能源效率标准。领导人在公共、私人和社会部门必须合作,设定雄心勃勃的目标采用可再生能源(如那些由政府设定太阳能发电生产),投资于国内先进的常规和可再生能源技术的创新。
4所示。加快改革
最近的公共部门改革在印度正在开花结果。世界银行在全球排名第130位印度经商,高于去年的142。印度的排名在世界经济论坛的全球竞争力报告现在55岁,从71年开始。
这些排名显示,印度在监管改革已经取得有意义的进展,但仍有大量工作要做。下半部的国家仍然是最轻松做生意的排名,而更关注改革可能有助于促进投资和生产力。印度应该考虑设定目标来衡量成功(如投资目标)和精简政府过程的帮助下授权的机构来协调中央、州和地方政府机构。改进城市管理也有助于刺激经济增长在中型城市,未来的经济引擎。麦肯锡全球研究院估计,印度只有27%的城市人口生活在中型城市(即。,那些人口在050万年到400万年之间),如果印度跟中国的城市化发展轨迹,这个数字可能会上升到近50%在接下来的几年里。
印度有巨大的潜力。Tri-sector合作四个关键维度——利用颠覆性的数字技术的力量,释放女性的潜力,实现能源独立,并加速改革——可以帮助国家实现未来的“Scurve”发展,完全取代其作为全球经济领袖。
(Dominic Barton麦肯锡全球董事总经理)
麦肯锡全球董事总经理将在多米尼克·巴顿ET GBS1月29 - 30日在新德里举行
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动