In recent analysis of 17 developed and emerging economies by McKinsey Global Institute, India came second only to Indonesia in terms of the speed of consumer digitisation – despite fewer than half the population having an internet subscription.
According to the report, Digital India: Technology to Transform a Connected Nation, while digital growth in terms of consumers is pushing forward, a gap between digital leaders and more traditional companies is emerging.
Small and Medium Enterprises (SMEs) are well ahead of multinationals in adopting innovation, such as digital payments and the use of social media to engage with consumers.
The report also suggests that newly digitising sectors such as energy, financial services and logistics could create up to US$150 billion of economic value by 2025, and up to 65 billion jobs.
This conference, held in partnership with McKinsey & Company, will examine the findings of their seminal report and assess the outlook for India’s digital growth. Anu Madgavkar, partner at the McKinsey Global Institute (MGI), will discuss the reports findings, including the role of governments in pushing the digital agenda and how businesses can pursue growth in the digital space. How digitisation will affect India’s role in global trade will also be explored.
To register, please contact Aini Abdullah, Business and Policy Programme Assistant, at firstname.lastname@example.org