Bain Sees Triple-Digits Growth Potential in India Amid Global Shift
Mumbai: US-based management consultancy Bain & Co. bullish on doubling its Indian business, the company's top executive Christophe De Vusser has announced, amid the challenges brought about by a post-global world.
Speaking at an interview during his first visit to India as the new managing partner of the firm, De Vusser stated that India is best-positioned in a rapidly changing global landscape due to its demographic dividend, progress on energy security and geopolitical positioning.
The consulting giant plans to increase its core consulting business and establishment of the global capability center in India, while providing AI solutions to local businesses, multinational corporations, and other clients.
"We are not just bullish on India but also on our business here," De Vusser said during the interview. "We have great ambition in building our core consulting business and capabilities in India."
To assist the local industry leaders, the consultant offered guidance on adjusting to a post-global world, energy transition, and AI implementation in Indian businesses.
The company has partnered with technology firms like Microsoft, AWS, and OpenAI to develop customized AI solutions for its clients. With these tools, Bain is developing solutions such as assisting the sales function to prepare custom marketing materials for customers and speeding up healthcare applications by up to six months.
India’s advantages
De Vusser cited that a growing working population with better demographic dividends provides India an edge in global affairs, unlike other countries experiencing declining populations or dwindling working-aged people. He noted that this places the country uniquely positioned among nations worldwide.
"Bullishness on multiple fronts can only apply to a place where many benefits happen," Christophe De Vusser stated.
The consultant also said companies may need new ways of manufacturing, emphasizing increased tariffs and protectionism in an increasingly connected world as deterrents for traditional supply chains.