The report is actually a warning -- unless India is able to considerably raise its growth rate, it risks massive unemployment
MGI, in its report, assessed more than 100 technologies that are advancing rapidly around the world and identified 12 that are likely to have the most impact on addressing India's challenges.
India`s economy, the third biggest in Asia after China and Japan, grew 4.5 percent in the 2012/2013 fiscal year, slowing from 6.7 percent in the previous one.
At a time when the UPA government has been claiming credit for lifting 140 million people above the poverty line - McKinsey research report says that 680 million people or 56 percent of India lives below the "empowerment line" which means they lack access to basic services such as education, healthcare, energy, sanitation and drinking water.
Companies based in emerging markets will account for more than 45 percent of the Fortune Global 500 ranking by 2025, up from 26 percent currently, according to a new report by McKinsey Global Institute published on Thursday.
Asian bond traders have been worried about a sharp selloff since late May that could turn into a rout. The market's low loquidity could also create a more explosive selloff leading to a price vacuum and declines.
There is a global shortage of skills. It must be true - because everyone seems to be saying so. But how has it come about? Surely people cannot suddenly all have become less able?
Countries could increase the productivity of infrastructure investment to make savings of 40 percent, or USD 1 trillion a year, by adopting proven best practices, McKinsey Global Institute (MGI) said on Thursday.
Southeast Asia's most populous nation is on track to become the world's 7th largest economy by 2030, putting it ahead of the developed nations of Germany and the UK, a new report by McKinsey Global Institute showed Tuesday.
The value of financial assets worldwide is expected to touch USD 371 trillion by 2020, with emerging economies including India, accounting for about one third of the total amount, says global consultancy McKinsey.