Narendra Modi has turned India into a magnet: McKinsey CEO Dominic Barton
MUMBAI: Dominic Barton, the CEO of the world’s largest whiteshoe consulting firm, McKinsey, says that India is back on the priority list of CEOs after Narendra Modi’s ascension to power. “People had given up on India. They felt India is too complicated and it was difficult to get anything done. It had dropped in the last five years on people’s priority (list). I think it has gone right back up, people are interested, obviously people are going to want to see action but I think the feeling is the y will, because this government seems serious,” says Barton.
On his part, the McKinsey CEO is again advising his clients to bet big on India. “I was not (advising clients to come to India) two years ago because it was complicated... and companies and clients were deeply frustrated with the bureaucracy, no decisions getting made. Companies were saying… let us go to Africa, let us go to Nigeria, let us go to Indonesia, let us just go to the US, but that has changed. I think because if you look at the trends that are going on in the world, India is right in the centre,” says Barton.