WEBVTT

1
00:00:00.261 --> 00:00:01.950
(upbeat music)
<v ->I'm a big believer</v>

2
00:00:01.950 --> 00:00:03.150
in the India story.

3
00:00:03.150 --> 00:00:05.670
The biggest thing that Viksit Bharat has done,

4
00:00:05.670 --> 00:00:09.330
it has instilled a self-belief and confidence.

5
00:00:09.330 --> 00:00:14.330
It sets India for a period of transformative growth

6
00:00:14.370 --> 00:00:18.563
in the years to come.
(upbeat music continues)

7
00:00:22.350 --> 00:00:25.050
Hello, everyone. I'm Sanjiv Mehta.

8
00:00:25.050 --> 00:00:28.140
I'm a big believer in the India story.

9
00:00:28.140 --> 00:00:30.450
I believe that irrespective

10
00:00:30.450 --> 00:00:32.760
of whether you're a private corporation

11
00:00:32.760 --> 00:00:34.800
or you're a nation state,

12
00:00:34.800 --> 00:00:38.580
high performance pivots around three axis.

13
00:00:38.580 --> 00:00:43.580
First is the mindset, second is the distinctive capabilities

14
00:00:43.650 --> 00:00:45.810
that should be hard to replicate,

15
00:00:45.810 --> 00:00:47.220
and the third is what I call it,

16
00:00:47.220 --> 00:00:48.843
the high performance anatomy.

17
00:00:49.710 --> 00:00:52.380
When it comes to the mindset,

18
00:00:52.380 --> 00:00:56.070
I think the biggest thing that Viksit Bharat has done,

19
00:00:56.070 --> 00:01:00.330
it has instilled a self-belief and confidence

20
00:01:00.330 --> 00:01:04.410
that India can indeed become a developed nation.

21
00:01:04.410 --> 00:01:08.370
That to me has been the biggest benefit so far

22
00:01:08.370 --> 00:01:12.480
of our India@100 or Viksit Bharat ambition.

23
00:01:12.480 --> 00:01:15.300
Second is the distinctive capabilities.

24
00:01:15.300 --> 00:01:17.610
If I talk about distinctive capabilities,

25
00:01:17.610 --> 00:01:20.970
there are two things which stare at everyone.

26
00:01:20.970 --> 00:01:23.520
First is India's massive investment

27
00:01:23.520 --> 00:01:25.680
in the physical infrastructure.

28
00:01:25.680 --> 00:01:29.700
Physical infrastructure has got a multiplier effect.

29
00:01:29.700 --> 00:01:34.700
Whether it is electrified railroad, the highways, the ports,

30
00:01:34.890 --> 00:01:39.480
the number of airports, there has been a quantum shift.

31
00:01:39.480 --> 00:01:42.270
This has brought down the cost of logistics,

32
00:01:42.270 --> 00:01:45.150
and I believe in the days to come,

33
00:01:45.150 --> 00:01:48.480
it will act as a catalyst for India's development,

34
00:01:48.480 --> 00:01:51.390
not just in the metropolitan India,

35
00:01:51.390 --> 00:01:53.193
but in the hinterlands as well.

36
00:01:54.150 --> 00:01:57.180
The second is the digital public infrastructure.

37
00:01:57.180 --> 00:01:59.730
This has been a game-changer.

38
00:01:59.730 --> 00:02:02.760
Today, the way India entertains itself,

39
00:02:02.760 --> 00:02:06.540
the way India does commerce, the way India does schooling,

40
00:02:06.540 --> 00:02:08.970
and the way India does governance

41
00:02:08.970 --> 00:02:13.970
has changed dramatically because of Aadhaar, because of UPI,

42
00:02:15.030 --> 00:02:17.460
because of the health data infrastructure

43
00:02:17.460 --> 00:02:19.500
that India has created.

44
00:02:19.500 --> 00:02:21.960
And this, in many ways,

45
00:02:21.960 --> 00:02:26.760
stands out amongst the many nations in the peer group.

46
00:02:26.760 --> 00:02:28.953
The third is the high performance anatomy.

47
00:02:29.970 --> 00:02:32.910
India has political stability.

48
00:02:32.910 --> 00:02:36.000
India has democratic stability.

49
00:02:36.000 --> 00:02:39.120
India has macroeconomic stability.

50
00:02:39.120 --> 00:02:43.830
India has the Forex reserves to cushion the volatility.

51
00:02:43.830 --> 00:02:47.310
India's fiscal deficit is on a glide path.

52
00:02:47.310 --> 00:02:49.950
India's inflation is contained.

53
00:02:49.950 --> 00:02:54.060
And then if you take into account India's demographics,

54
00:02:54.060 --> 00:02:57.510
which is a necessary condition,

55
00:02:57.510 --> 00:03:00.300
but not a sufficient condition for growth,

56
00:03:00.300 --> 00:03:02.640
India's young population,

57
00:03:02.640 --> 00:03:07.640
it sets India for a period of transformative growth

58
00:03:07.920 --> 00:03:09.093
in the years to come.

59
00:03:10.020 --> 00:03:14.910
And BCG can bring in a deeper understanding of India

60
00:03:14.910 --> 00:03:18.120
from not just the socioeconomic perspective,

61
00:03:18.120 --> 00:03:20.340
but from a cultural perspective,

62
00:03:20.340 --> 00:03:24.300
consumer behavior perspective, history perspective,

63
00:03:24.300 --> 00:03:26.400
to make them understand

64
00:03:26.400 --> 00:03:28.170
that the Western model

65
00:03:28.170 --> 00:03:30.990
will not necessarily succeed in India.

66
00:03:30.990 --> 00:03:35.580
I think BCG can play an increasingly big role

67
00:03:35.580 --> 00:03:39.750
to harness the power of data technology and AI

68
00:03:39.750 --> 00:03:44.750
to bring about competitive advantage for Indian enterprises.

69
00:03:46.328 --> 00:03:49.094
(upbeat music fades)