Boston Consulting Group

January 27, 2025 12:26 PM

Asia-Pacific healthcare market to reach $5 trillion by 2030, Indian CDMOs poised for global growth: report

The Asia-Pacific healthcare market is on track to hit $5 trillion by 2030, driving 40 per cent of global sector growth, according to a report on Monday. The report by Boston Consulting Group (BCG) noted that the unprecedented expansion is fuelled by rapid demographic shifts, investment influxes, and ground-breaking technology applications. The expansion also includes advancements in new therapies and modalities by Indian contract development and manufacturing organisation (CDMOs). “Innovati...

January 15, 2025 6:14 PM

80% of indian companies recognize AI as a core strategic priority: report

India is leading in artificial intelligence (AI) adoption, with 80% of companies identifying AI as a core strategic priority, surpassing the global average of 75%, according to a report released on Wednesday. The report, compiled by Boston Consulting Group (BCG), reveals that 69% of Indian companies plan to increase their tech investments in 2025, with one-third of these companies set to allocate over $25 million to AI initiatives. Furthermore, less than 10% of Indian executives expect a decre...

January 13, 2025 4:09 PM

India faces $14.6 billion tariff burden If US imposes 20% duty: BCG report

India's trade trajectory could face significant headwinds if the United States enforces a 20% across-the-board tariff on imports from the country, according to a report by Boston Consulting Group (BCG). Such a move would add an estimated $14.6 billion in additional duties, with sectors like biopharma and auto parts expected to bear the brunt. The report highlighted that US imports from India totaled $84 billion in 2023, with India currently benefiting from a low effective tariff rate of 3%. How...