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The unexpected trip: The future of mobility in India beyond COVID-19

This article was written collaboratively by the McKinsey Center for Future Mobility. The authors include Patrick Hertzke, Jitesh Khanna, Khushboo Kumra, Timo Möller, and Gandharv Vig. COVID-19 has presented India with an unprecedented economic, humanitarian, and healthcare challenge. The lockdown measures have helped contain the spread of the coronavirus but exacted an immense economic toll,…

China’s 14th Five Year Plan (2021-2025) – Communist Party of China to boost consumption and technology self-reliance

A briefing document produced by Asia House. Following the Communist Party of China’s (CPC) Central Committee’s Fifth Plenum at the end of October, the CPC published an outline of proposals for China’s five-year plan to 2025 and long-term goals to 2035. The proposalsset out a more inwardly-focused approach in comparison to the export-oriented growth of…

Xi’s world: Covid has accelerated China’s rise

This article appears by kind permission from the Spectator where it was first published. Back in February, the Chinese state appeared to be in trouble. A terrifying virus had infected thousands of people and the country’s social media exploded in anger against the authorities faster than Chinese censors could scrub away the critical comments. Like…

Will airline hubs recover from COVID-19?

Jaap Bouwer, Vik Krishnan, and Steve Saxon – McKinsey & Company COVID-19 has drastically decreased airline traffic across all routes, but the volume of connecting passengers has been among the hardest hit. Questions have arisen as to whether the current crisis will lead to structural changes within the industry. On the network side, this includes a debate about…

Applying machine learning in capital markets: Pricing, valuation adjustments, and market risk

This article was a collaborative effort by Juan Aristi Baquero, Akos Gyarmati, Marie-Paule Laurent, Pedro J Silva, and Torsten Wegner, representing views from McKinsey & Company’s Risk Practice. When the COVID-19 outbreak became a global pandemic, financial-markets volatility hit its highest level in more than a decade, amid pervasive uncertainty over the long-term economic impact. Calm…

How can India step up its game?

Confederation of Indian Industry – EY FDI Survey Previous economic crises do not seem to bear resemblance to the one we face right now. COVID-19 resulted in complete or partial shutdown of socio-economic activities across the world, threatening both lives and livelihoods. To gauge the market sentiment amongst the Indian as well as non-Indian MNCs,…

Pfizer COVID vaccine: promising results – here’s what needs to happen next

Anne Moore, University College Cork – The Conversation Preliminary data from the Pfizer/BioNTech COVID-19 vaccine trial suggests it provides 90% efficacy at preventing the disease. At the very least, this news will result in a large sigh of relief across the vaccine community. It signifies a breakthrough – it’s the first announcement that a vaccine…

Indian pharma is being squeezed – and it’s bad news for drug access in developing countries

Thankom Arun, University of Essex and Reji Joseph, Institute for Studies in Industrial Development – The Conversation India’s pharmaceutical industry is renowned for selling medicines to the world at reasonable prices, especially developing countries. This has helped Africa in its fight against HIV/Aids, for instance. Such endeavours have earned India a reputation as the “pharmacy…

A new growth formula for manufacturing in India

Rajat Dhawan and Suvojoy Sengupta – McKinsey & Company India’s manufacturing sector could become an engine for economic growth and jobs—if it can specialize. Eleven high-potential value chains could more than double its manufacturing GDP in a few years. The COVID-19 pandemic has exposed the fragility of the world’s supply chains for medicines and medical…