India@Davos: BCG says Indian businesses must be competitive on cost, scale

With India making a power-packed presence here for the World Economic Forum Annual Meeting, consultancy major BCG's India Head Rahul Jain has said the Davos takeaway for the Indian business leaders is very clear that the competitiveness now comes from combining cost, scale and resilience. Jain also said that India is very likely to become the world's third-largest economy by around 2030, which is a key India-related topic of discussion here during the summit. "The key question is whether growth can be further accelerated to reach this milestone as early as 2028, and achieving this faster trajectory will depend largely on accelerating the manufacturing sector further from roughly 15-17 per cent of GDP today to 20 per cent and beyond," Jain told PTI. "In that sense, the issue is less about if and more about when," he said. Jain, who is here for the five-day WEF Annual Meeting beginning Monday, said investments in sunrise sectors, such as clean energy, electronics, and semiconductors,