India’s ‘fast lane’ economy accounted for 11 per cent of global productivity growth recorded in the last 25 years, McKinsey Global Institute (MGI) said in a new report.
Nearly 50 per cent of global productivity growth in the last 25 years came from China (37 per cent) and India (11 per cent) alone, the report ‘Investing in Productivity Growth’ said. As much as 75 per cent of global productivity growth came from all emerging economies combined, the report highlighted.MGI in the new report explored how productivity in 125 economies has fared over the last 25 years and, in particular, why it has stalled.