The winners in business have shifted markedly in the past decade—and the keys to success are likely to be very different again in ten years’ time. How should leaders prepare their companies to thrive in a rapidly evolving landscape? What will it take to win the '20s?
The Indian insurance industry has shown development across multiple dimensions over the last decade. In its ‘Teens’—the second decade after liberalization, the Indian insurance industry has been shaped by significant shifts in the distribution landscape, product mix, and changing competition landscape. Life insurance and non-life insurance segments have experienced different growth trajectories.
The Asset Management industry in India has the potential to cross INR 100 trillion in AuM in the twenties. Reaching the INR 100 trillion vision during the mid-twenties can help the industry become the 11-13th largest asset management industry in the world from its current standing of 17th largest asset management industry. Our estimates indicate that achieving this growth will require a 5x increase in the investor base from 2 crore to 10 crore investors. Unlocking this INR 100 trillion potential will, however, require significant effort by all stakeholders in the industry.
While the Indian Power Sector recently achieved the distinguished feat of 100 percent household electrification, ensuring cheap and reliable power 24X7 to all its consumers is a great challenge. Despite making significant progress, long power cuts are still the norm for select states and districts in India. In this backdrop, emerging technologies pertaining to distributed energy systems are gaining momentum across the country. While such systems have the potential to empower customers to move towards self-sufficiency, they are also perceived as a significant threat by DISCOMs.
Our social-impact work seeks to make a difference beyond the business world. Having a beneficial social impact is fundamental to who we are as an organization and is one of our nine stated values. BCG's involvement in this area is motivated by our desire to make a positive difference to society in general and often to the underprivileged in particular. The CSR policy of The Boston Consulting Group (India) Pvt Ltd highlights the Company's philosophy towards Corporate Social Responsibility and lays down the guiding principles for undertaking the Company's CSR activities in India.