BCG REPORT
Transport assets worth USD 400 billion in India exposed to climate hazards: Report
A new report reveals that climate change poses a significant risk to South Asia's transport infrastructure, with USD 575 billion worth of assets, including USD 400 billion in India, vulnerable to climate hazards. The report emphasizes the urgent need for resilience measures to prevent economic losses and protect the region's GDP.
Insurtech sector attracted $2.5 bn funding, more investment to flow: Report
The Indian insurtech sector has raised over USD 2.5 billion and is expected to attract more investment due to significant growth opportunities, according to a report by Boston Consulting Group (BCG) and the India InsurTech Association (IIA). India is home to around 150 insurtech companies, including 10 unicorns and over 45 "minicorns," with revenue increasing 12 times in the past five years to reach USD 750 million.
In 2025, Gen Z’s direct spends will amount to $250 billion: Snap Inc. and BCG's latest report
Currently, out of Gen Z’s total spending power of $860 billion, approximately $200 billion comes from direct spending—money they earn and spend themselves—while $660 billion comes from influenced spending, which includes purchases influenced by their recommendations or preferences.
Financial services sector must grow 20x for India to reach $30 trillion GDP, says report
India aims to achieve a $30 trillion GDP by 2047, requiring significant growth in the financial services sector, especially banks. A report by BCG, FICCI, and Indian Banks’ Association highlights the need for $4 trillion in bank capital and emphasizes financial inclusion, digitization, and emerging technologies as key drivers for this growth.
GenAI and ESG shaping HR practices in India, but adoption gaps persist: Report
A report by FICCI and BCG highlights that while most CXOs in India see GenAI as beneficial for efficiency, only 45% have implemented it in HR functions. It identifies six key trends shaping HR, including ESG, DEI, and predictive analytics, aiming to improve productivity and employee well-being.
ET World Leaders Forum: Cautiously optimistic on global economy, says Rich Lesser, Global Chair, BCG
Rich Lesser, global chair of Boston Consulting Group, expresses confidence in the economic prospects of India and the US. BCG has seen significant growth in India and expects continued success. The US economy is also expected to remain strong regardless of the upcoming presidential election. Lesser highlights the resilience of these economies and the potential for AI and technology advancements.
90% women consider generative AI crucial for career growth: report
As per a report by Nasscom and BCG, women want to put in effort to learn AI and GenAI technology to further career growth. The survey findings revealed that one in five women use GenAI tools almost daily with about 35% of senior management women reporting daily usage.
90% women see GenAI as pivotal for career growth, but only a third feel ready to use it: Report
The report, titled ‘GenAI: The Diversity Game Changer We Can’t Ignore’, was launched on the sidelines of the Nasscom Global Inclusion Summit in Bengaluru. It analyses the adoption of AI/GenAI among women and proposes actionable steps to foster an inclusive environment and promote sustainable growth.
Bira91 maker brews plans to tap capital market in 2026
The development comes amid supply shortages of Bira91 over the past few quarters across some of India's largest spirits markets including Delhi, Karnataka and Haryana, profitability pressures, and a surge of competitors in the craft beer space.
India & China to drive new wealth creation globally, Asia to contribute 30% of new wealth: Report
India is well positioned to be a driver of greater wealth, says a global wealth report by Boston Consulting Group (BCG). In 2023, India has generated roughly USD 590 billion in new financial wealth, marking its largest increase in the history. India will add about USD 730 billion annually to the overall growth of the region through 2028.
Indians less worried, more optimistic about AI impact on work: Report
A Boston Consulting Group report has found that Indians are more confident than worried about the impact of artificial intelligence and generative AI on their work, with 54% evincing confidence compared to only 13% showing signs of anxiety. The report, based on BCG's AI at Work 2024 report, found that 42% of respondents globally reported confidence about AI and GenAI's impact on their work, compared to 26% last year.
Tatas to conclude Vistara- AI merger by year end
The merger will make the Air India group India’s largest international carrier, connecting five of the seven continents, operating more flights on international routes than any other airline, Air India CEO Campbell Wilson said, according to people who attended the townhall.
If AI can disrupt future, track these 9 artificial intelligence stocks
Generative AI's disruptive potential attracts investors in Indian IT. Revenue challenges due to adoption lag. Companies explore deep learning in Gen AI. Happiest Minds and Affle offer AI services. BCG predicts growth in India's AI market.
3 Indian companies make the cut on BCG's top 25 global value creator list
Technology and tech-related companies led the charge, as excitement over generative AI helped fuel a rebound from 2022’s losses, according to a report based on the database.
View: Time to bring humanity back into capitalism?
Modern economists have a flawed understanding of how societies and economies function, leading to a need for a new economics that brings humanity back into capitalism. The current approach to economics, which relies on leaving problems to the market, has led to structural weaknesses in economies and irrational exuberance in deregulated financial markets.
50% of Indians pick up their smartphones without any intent: Report
According to a report by the Boston Consulting Group (BCG), one out of two times users pick up the phone they do so without knowing why they fired up their smartphone. While about 50-55% times the consumer has no clarity of intent, nearly 45-50% of the time consumers are very clear on the task to be accomplished and 5-10% of the time consumers have partial clarity.
GenAI may add $1.2-1.5 trillion to India's GDP in next 7 years
Generative AI (GenAI) holds significant potential for India, contributing an estimated $1.2-1.5 trillion to the GDP over the next seven years, according to an EY report. Key drivers include education and upskilling. GenAI has become a priority for CEOs, with upskilling identified as crucial. Organizations like L&T have initiated programs, such as Coursera's GenAI Academy, to provide digital literacy. The report emphasizes the need for structured, role-based learning pathways. India can position itself as a hub for AI talent, leveraging its digitally skilled workforce through private-public partnerships, micro-credentials, and personalized learning experiences in local languages.
India winning global manufacturing battle, BCG report shows impact of supply chains shifting away from China
India has emerged as a winner in global manufacturing, with its exports to the US increasing by $23 billion, a 44% rise from 2018 to 2022. In contrast, China experienced a 10% decline in exports to the US during the same period. This shift in manufacturing and sourcing occurred due to trade wars, the pandemic, geopolitical tensions, and supply bottlenecks.
Indian fintech industry to generate $190 billion in revenue by 2030: Report
The report ‘State of the Fintech Union 2023’, also highlighted that as the industry matures, the industry is looking at ‘meaningful scale’ and closely tracking profits as a metric. It further added that product expansion, apart from profitability, was the top focus area for fintech executives.
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