Fulfilling India’s Promise

Did you read the recent issue of The McKinsey Quarterly?
The McKinsey Quarterly 2005 Special Edition: Fulfilling India’s promise
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Links and abstract from the site:

  • India could be a global leader in education and financial services, to name just two possibilities, asserts the IMF’s chief economist—but not until it opens up to the world.
  • How India’s executives see the world. A survey of business leaders around the world shows that executives at Indian companies are more upbeat than others about the effects of globalization on their businesses but less confident of their ability to find suitable talent.
  • Ensuring India’s offshoring future: India’s lead in offshoring stems from its pool of well-trained, low-cost engineers for IT services. That pool is smaller than it appears, and there’s a risk that it may run dry in the most popular offshoring locations. For offshoring companies, India’s weak infrastructure is its least attractive feature.
  • Reforming India’s financial system: Despite an underdeveloped financial system, India’s economy has made great progress.
  • India’s economic agenda: An interview with Manmohan Singh: The prime minister discusses his plans to modernize the country’s infrastructure, attract foreign investment, and create jobs—all in the service of eliminating chronic poverty and disease in India.
  • Fulfilling India’s promise: India has made unmistakable economic progress, but the time for self-congratulation is over. Its success in IT and biotechnology often diverts attention from the large part of the population that remains impoverished.
  • A foundation for public health in India: A renewed effort to train and attract public-health professionals will ease a chronic shortage and improve health care.
  • Making India a global hub: In some ways, India is well prepared to be a global hub: it has a multicultural, multiethnic society with a vibrant democracy and a free press. But India still isn’t as open to foreign goods and services, labor, or knowledge as it should be.
  • Why believe in India: Since economic reform was unleashed in 1991, India has laid the foundation for a world-class economy, even if the country’s progress is often obscured by the achievements of neighboring China.

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