McKinsey India

Have you applied to McKinsey.org's Forward program? This free multi-week online learning program focuses on essential workplace skills that are relevant and transferable across industries and roles. 70% of our participants recorded career growth within three months of completion. What could Forward do for YOUR career? Check your eligibility and apply by April 22! And share with your network to spread the opportunity far and wide: https://mck.co/4ijvKf2 #McKinsey #TakeAStepForward

Career growth isn’t a "one-and-done" move - it's an ongoing journey. "The Broken Rung," a new book by my McKinsey & Company Senior Partner colleagues, Kweilin Ellingrud, Lareina Yee, and Maria del Mar Martinez, offers practical strategies to help women adapt, thrive, and navigate every stage, from networking to big life moments. Discover how small changes can build big momentum for your career.   #McKinsey #TheBrokenRungBook

Venture is coping with several shifts globally and locally. Globally, consider last year’s $102 billion fundraising total for venture capital was less than a third of 2022’s $314 billion. Asia, which after a 20-fold expansion over a decade, now represents over 50% of global venture AUM with 590+ unicorns. While scaling up in Asia takes more time, DPI is lower and the power law may not be as prevalent, Asian VCs are learning to do more with less, being disciplined about stage gating, and backing more seasoned and experienced entepreneurs. There’s plenty to be excited about! Honing in on India, a reporter recently asked me about a trend that suggests seed stage rounds are increasing in size (see article below). IMHO, there appear to be three reasons for this. First, experienced founders with a record are raising larger rounds earlier from investors they know. Second, reaching product-market fit milestones have become more important and are more costly to meet with cost of technical talent going up and longer timelines in areas like AI. Finally, local family offices are getting more comfortable coming in earlier and willing to take long horizon bets. Shantanu Deshpande Suvir Sujan Rajan Mehra Avnish Bajaj Rahul Khanna Karthik B. Reddy Sanjay Nath Jaden Paul https://lnkd.in/dpmAaXgZ

The global shift is real. In over half the world’s countries, home to two-thirds of humanity, #fertilityrates have now fallen below the replacement level of 2.1 children per woman.   But how will this #demographic change shape our future? Learn more in our report, ‘Dependency and depopulation? Confronting the consequences of a new demographic reality’ here: https://bit.ly/4h7gtNU   #McKinsey 

After resilient growth fueled by rising prices, what can the #beauty industry expect now that inflation is cooling in major markets? Read our report to find out: https://mck.co/4kV9ESo #McKinsey #BeautyIndustry

What happens when you combine 20 years of research, real-life experience, and powerful storytelling? You get “The Broken Rung,” a new book that uncovers why women fall behind in career progression and how they can level the playing field. Learn why Lareina Yee, and her fellow McKinsey & Company Senior Partner co-authors Kweilin Ellingrud and Maria del Mar Martinez consider the book the magic of "data and poetry at the same time." #McKinsey #TheBrokenRungBook

A notable insight from the recent report ‘MumbAI 2035’ by the Tech Entrepreneurs Association of Mumbai (TEAM), is that AI-driven #startups could contribute 15% to Mumbai's GDP growth by 2035 and attract over $450 billion in foreign direct investment. The report also found that 67% of Mumbai's unicorns are currently profitable, surpassing other major startup hubs.   The report was recently unveiled by the Hon'ble Chief Minister of Maharashtra, Shri Devendra Fadnavis, with McKinsey & Company as the knowledge partner, in Mumbai. McKinsey and Company's Sathya Prathipati, Nikhil Vyas, and Amrita Singh participated in the discussion at the event, highlighting AI's transformative potential across various industries and public services. It outlines Mumbai's strategic plan to become a global leader in #AI adoption and innovation, detailing the opportunities, challenges, and necessary actions to achieve this vision.   Read the full report here: https://bit.ly/4kgTxhz #McKinsey #AiInnovation

Life is seldom a straight line; there are twists and turns to navigate, and that's especially true for leaders today in an increasingly VUCA environment. Nevertheless, leadership remains anchored in some truths I consider to be immutable - resilience, responsibility, relevance, and reinvention. Helping our employees remain relevant and to reinvent themselves remains a top priority at DBS Bank. A large part of the equation lies in our ongoing upskilling and reskilling efforts, but equally important is the growth mindset of our employees in readying themselves for the future. This has allowed us to remain adaptive and will hopefully continue to serve us well in the years to come. Thank you Tania Bryer and Faridun Dotiwala for an exceptional discussion on corporate leadership in a disrupted world. Congratulations also to CNBC for a very successful first run of CONVERGE against the majestic backdrop of #Singapore's Jewel Changi no less!

#AI can do much more than just automate processes and boost efficiency; players in finance that extract value from AI use it for core strategic priorities such as boosting revenue and driving higher satisfaction for customers and employees.   We hosted a compelling session on ‘Extracting Value from AI—Driving Profitable Growth in Financial Services’ at our recent summit on ‘India’s Century—Navigating Extraordinary Growth’. The session brought together distinguished leaders from the financial services industry to explore AI's transformative potential in India’s financial services ecosystem. The sessions were led by our global & Indian practitioners, Renny Thomas, Violet Chung, Suparna Biswas, Shwaitang Singh, Larry Lerner, Lalit Bhagia, Sanchit Suneja, and Asaf Somekh, and discussions cantered around: - Driving value by moving from proof-of-concept to delivering tangible outcomes - Transforming the end-to-end customer lifecycle with multi-agent systems - Live demonstrations of AI-in-action in financial services across key growth topics – AI-led frontline & RM productivity enhancement, full-funnel marketing, and more - Panel discussions with industry practitioners on lessons learned and future opportunities The insights and expertise shared by these leaders were invaluable, shedding light on how AI can drive profitable #growth. To really boost business value, key areas like sales, risk, and operations need to be reimagined. Successful AI transformations require fundamental rewiring across key areas. You can read more about this in our article: https://bit.ly/4kwwwr1 #McKinsey #FinancialServices #Banking #Insurance #GenAI #DigitalTransformation #Leadership #Innovation #IndiaCentury

Early exposure to a company that supports your growth could make a significant impact on your career and set you up for success.   “The Broken Rung,” a new book by McKinsey & Company senior partners colleagues Kweilin Ellingrud, Lareina Yee, and Maria del Mar Martinez, outlines key traits that all effective organisations share: 💡 A strong learning culture 📊 A successful competitive strategy ⬆️ High rates of internal mobility #McKinsey #TheBrokenRungBook