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McKinsey Global Institute: 'Nearly 6% growth in productivity needed for India, China to catch up with developed nations'

McKinsey Global Institute predicts that emerging market economies like India and China will achieve faster productivity growth and living standards if they maintain a 6% annual growth rate. These economies contributed nearly half of the productivity gains between 1997 and 2022, helping lift nearly a billion people out of poverty. ....

Rajat Dhawan , Mckinsey Global Institute , Mckinsey Company , China Need , Productivity Growth , Gdp Per Worker , Mckinsey Amp Company , Emerging Market Economies ,