Asutosh Padhi

Oct 2, 2024 | mckinsey.com | Olivia White |Anu Madgavkar |Adi Kumar |Asutosh Padhi

At a glance Micro-, small, and medium-size enterprises (MSMEs) are the bedrock of the US economy. They employ nearly six in ten workers, produce almost 40 percent of value added nationally, and grow into a meaningful share of very large corporations. MSMEs in the United States are only half as productive as large companies, compared with 60 percent in other advanced economies.

Aug 9, 2023 | fortune.com | Michael Chui |Kweilin Ellingrud |Asutosh Padhi

The U.S. economy has absorbed the massive changes the pandemic brought to the labor market, with 8.6 million occupational shifts over the three years of COVID—50% more than in the previous three years. Now another disruption has arrived: generative artificial intelligence. While still very new, generative A.I. is developing fast; we believe it will eventually make a difference in every corner of the economy. It is going to be a big deal. But will it be a good deal for American workers?

Feb 20, 2023 | iqfin.net | Asutosh Padhi

Restoring U.S. productivity growth to its historical rate is not impossible. Weve done it before.

Feb 20, 2023 | fortune.com | Asutosh Padhi |Olivia White

Since 2005, productivity growth has been lackluster, averaging 1.4% a year, compared to the post-World War II average of 2.2%. That is a problem. Increasing productivity–economic output per unit of input–maintains U.S. competitiveness and improves our quality of life. It is also essential to meet challenges like inflation, debt loads, entitlements, and the energy transition.

Jan 24, 2023 | linkedin.com | Asutosh Padhi

At this year's World Economic Forum, the challenging nature of the macroeconomic environment and global disruptions were at the forefront of nearly every dialogue. Yet what struck me most was the distinct sense of confidence from CEOs and business leaders about their ability to navigate the challenges ahead. A few leaders I spoke with were generous enough to share their own perspectives coming out of the forum.