India must ‘play-to-win’ to ensure GDP growth: PwC

November 25, 2014 02:43 am | Updated November 16, 2021 08:18 pm IST - NEW DELHI:

PricewaterhouseCoopers (PwC) in a report released on Monday, defined three possible scenarios for India’s economic growth. Of the three, the “Winning Leap” is the most aggressive growth scenario.

The other two economic growth scenarios are “Pushing old ways faster” and “Turbocharging investment”. The former outlines a focus on investment in education, health and other dimensions related to human capital. Under this scenario India’s GDP, according to the report, could see a 6.6 per cent compound annual growth rate (CAGR) between now and 2034. The scenario ‘Turbocharging investment’ outlines the impact of rapid and significant investment in physical infrastructure and envisions a 7 per cent CAGR for GDP leading up to 2034.

For India to undertake the “Winning Leap” says the report, it will also need a concerted effort from Corporate India, supported by a vibrant entrepreneurial ecosystem and a constructive partnership with the government. It will need a “play-to-win” mindset shift for industry leaders and the country overall, says the report.

“The report stresses that linear growth in each sector will not be enough to meet the growth ambition envisioned for India…Given the scale and complexity of the challenges facing India, the resources required, and the urgency of demands for change coming from Indian citizens, sector players must deploy solutions that deliver non-linear growth,”said PwC India partner Shashank Tripathi at the launch.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.