Three policy interventions could add billions of dollars to GDP: McKinsey

They could help key manufacturing value chains more than double their GDP contribution to $500 billion over the next seven years, says Oct 30 note

Topics
India GDP growth | New manufacturing policy | Manufacturing sector

Sachin P Mampatta  |  Mumbai 

Three policy interventions could potentially add hundreds of billions of dollars to the manufacturing segment’s contribution to the economy, according to consultants McKinsey & Company.

They could help key manufacturing value chains more than double their gross domestic product (GDP) contribution to $500 billion over the next seven years, according to an October 30 note authored by senior partner Rajat Dhawan and partner Suvojoy Sengupta. Raising productivity, securing know-how and technology, and better access to capital could accelerate the growth of key parts of India’s ...

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First Published: Mon, November 02 2020. 19:36 IST
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