The McKinsey report said faster employment growth at 12 million non-farm jobs annually is needed in the post-Covid period till 2029-30, up from just four million created each year between 2012 and 2018.
India's human development indicators show that deprivation extends well beyond the 22 per cent of population who live below the official poverty line.
An additional 68 million women could potentially enter the labour force over the coming decade.
The developing-region cities of the City 600 will be home to an estimated 235 million middle-class households earning more than $20,000 a year at purchasing power parity (PPP) by 2025, points out a McKinsey study which maps the economic power of cities.
McKinsey Global says these cities would generate about 47 per cent of expected global GDP by 2025.
The report has identified some areas that need attention from India's policymakers.
With all the brouhaha over GST, and (often) a limited understanding of the long-term forces shaping India's logistics sector, companies seem to have omitted factoring in some underlying trends that could shape supply chain excellence, says Neelesh Mundra.
Enabling labour to become more globally mobile can produce higher remittances with powerful 'brain gain' dividends.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances