The fastest-growing major Indian listed firms outpaced the country's overall economic growth, in revenue terms, by almost 1.5 times between 2012 and 2022, according to a recent study by global consultancy McKinsey & Co.
The study covered 837 listed companies, which posted revenues of more than ₹750 crore in FY22. The top quintile (one-fifth) of this set of companies reported a compound annual growth rate (CAGR) of 15% or higher in revenue, while India's nominal gross domestic product (GDP) growth rate averaged around 10%, McKinsey said.
Based on the findings, McKinsey analysts said companies need to set aggressive growth targets to outperform both peers and the economy. "The biggest top-level insight we got from the analysis is that it is no longer enough for a company to say that they will grow faster than the GDP," Jaidit Brar, senior partner at McKinsey & Co, said in an interview. "Companies must start with high aspiration and seek to grow 2-3 times faster than their industry."
Diese Geschichte stammt aus der February 20, 2024-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der February 20, 2024-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Why You Need To Sort Your Messed Up Sleep Schedule
For a healthy heart, having a fixed bed time is more crucial than the hours you sleep, claims a new study
Winter Likely To Be Mild With Fewer Cold Wave Days, Says IMD
Above-normal temperatures forecast over most of India from December to February
A little attention can build deep connections
To build a life filled with authentic relationships, be proactive, seek out like-minded people, and lend time and care to nurture your tribe
To master the deadlift, go the trap bar way
The trap bar may look clunky but it's a safe bet to practice a deadlift
Long live the revolution of life-altering AI technology
Synthetic biology could lead to several breakthroughs, including drugs that work much better on us
Mauritius is a strategic gateway for our collaboration with Africa
In Mauritius, India has a reliable and uniquely located partner that offers Indian businesses easy access to African markets
COP-29 cop-out: Clean power needs to gain further appeal
The world must help poor countries decarbonize their economies
Don't blame education gaps on policy settings
A divergence in public schooling might well have led India's economy to lag China's. But this should arguably be attributed more to complex social constraints than to any policy design
Our new political-economy consensus needs a rethink
The policies our parties agree upon are not reformist. The challenge is to chalk out an agenda that is
Honey, who shrank the chatbot? Even AI needs to count calories
Shrinkflation is old but what it's doing to artificial intelligence is new—if not all that surprising
