It’s Not India’s Decade, It’s India’s Century: McKinsey’s Sternfels

McKinsey plans a ‘disproportionate commitment’ to India and that’s why its global board will be coming to the country in December

McKinsey & Co CEO Bob Sternfels has said that India would be the world’s future expertise manufacturing unit as it should have 20 per cent of the globe’s working inhabitants by 2047.

Sternfels said it will not just be India’s decade, but India’s century, with all key components in place – a big working inhabitants, multinational corporations reimagining world provide chains, and a rustic leapfrogging at digital scale-to obtain one thing particular not only for the Indian financial system, however probably for the world.

“Many individuals have stated that it is India’s decade. I truly assume it is India’s century once we have a look at a few of the uncooked components right here. India is the longer term expertise manufacturing unit for the world. By 2047, India would have 20 per cent of the world’s working inhabitants,” Sternfels said in an interview with Economic Times.

“India has leapfrogged on the digital scale. All these are the uncooked supplies to do one thing particular for not solely the Indian financial system however probably for the world,” he added.

McKinsey plans a “disproportionate commitment” to India and that’s why its global board will be coming to the country in December.

The firm has 5,000 people in India, a number he wants to double to 10,000.

Sternfels also spoke about the current scandals which have hit McKinsey, the state of the worldwide financial system, inflation woes and deglobalisation.

Reacting to a question regarding what the CEOs are telling concerning the state of their corporations, Sternfels said, “One of many issues that I did over the previous 12 months was get out and speak to purchasers, and I’ve talked to over 500 of our CEOs within the final 12 months.

“CEOs now wish to play offence and protection on the similar time. So defensive measures… shore up the steadiness sheet, enhance effectivity, and make sure the firm can face up to shocks. They’re additionally saying, my steadiness sheet is more healthy than it was in both of these downturns. And I wish to truly take two or three large strategic bets in order that I can come out on prime,” he added.

Twitter Finally Gives Users Edit Button, But It’s Not For Everyone, Yet

A picture of an ‘Edit Button’ was shared by Twitter Blue, which is a paid subscription service from Twitter

“Well well well, look what we’ve been testing,” The long-awaited edit button is finally coming to the microblogging platform Twitter, even though it would be for select users only.

“If you see an edited Tweet it’s because we’re testing the edit button, this is happening and you’ll be okay,” Twitter confirmed the arrival of the feature through its official account.

Twitter users will finally be able to edit the tweets they post on the platform. However, as per reports, only paid users will have the access to the feature and it remains to be seen if the feature will be available for all 237 million users.

“We’re hoping that with the availability of Edit Tweet, tweeting will feel more approachable and less stressful,” Twitter said in a statement. “You should be able to participate in the conversation in a way that makes sense to you.”

The edit button initially is available for Twitter employees for internal testing, and then to Twitter Blue users. The company eventually plans to give everyone the option to alter their tweets.

A picture of an ‘Edit Button’ was shared by Twitter Blue, which is a paid subscription service from Twitter.

How does the feature works?

The edit button will allow users to edit their tweet even if it has been posted. Twitter users did not have the option so far so they either had to delete the tweet or post another one in case any mistake happened.

However, Twitter users will get only 30 minutes to edit their tweets which are long and has some mistakes. To signify a tweet is edited, the tweet will bear a label to show it has been modified. Clicking the label will let viewers see the history of the edits.

Major Changes in Twitter

Since its launch in 2006, Twitter has hardly undergone many changes. However, in 2017, Twitter increased the character limit for messages to 280 characters from 140.

In 2020, Twitter rolled out Fleets, a feature similar to Instagram reels that deleted users’ posts after 24 hours. But Twitter soon removed the feature.

Last month, Twitter introduced Circles, a feature that lets people share posts with a smaller number of followers.

Elon Musk and the Edit button

Tesla CEO and billionaire Elon Musk wanted to bring the edit button to the social media platform after taking a passive stake in the company.

“Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months,” Musk had tweeted in April.

It is worth noting that Tesla CEO Elon Musk has been demanding the edit button from Twitter for a long time.

Later, Musk announced that he was withdrawing from a $44 billion deal to buy Twitter alleging multiple breaches of the agreement.

Musk said he had backed out because Twitter failed to provide enough information on the number of spam and fake accounts.

Twitter and Musk became embroiled in a legal battle following that as Twitter filed suit, alleging he had breached his contract while disrupting the site’s operations and dragging down its stock.

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