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Anu Madgavkar

MGI Partner, Mumbai
Leads MGI teams based in India, working on global as well as India-focused research

About Anu

Anu Madgavkar is a partner with the McKinsey Global Institute (MGI), McKinsey’s business and economics research arm. Anu joined MGI in 2011 and leads teams based in India, working on global as well as India-focused research.

Anu’s recent research has focused on global labor markets and skills; gender economics; migration; economic development and poverty alleviation, and applying technology to solving development challenges. She has coauthored several MGI reports, including Poorer than their parents, The power of parity; People on the move: Global migration's impact and opportunity; India’s path from poverty to empowerment, India's tech opportunity: transforming work, empowering people, and India's economic geography: states, cities and clusters.

Previously, Anu was a partner of McKinsey based in Mumbai, where she co-led McKinsey’s Financial Institutions practice in India. She served a range of clients, including a top tier global bank, a dominant Indian state-owned bank, a leading Indian universal bank, a capital markets focused financial services group, and an infrastructure-focused financial institution, across diverse areas of portfolio mix, organization, and product-market strategy in wealth management, wholesale banking, institutional securities, retail brokerage, life insurance, and retail banking.

Anu also led McKinsey’s India research on infrastructure financing and coauthored Building India: Financing and investing in infrastructure and India Insurance 2012: Fortune Favours the Bold. She has authored several reports and white papers on India’s economic growth and financial sector development. She advises business and government leaders on economic development and frequently contributes to policy debates through articles and conference presentations. Currently she serves on the National Economic Growth and Investments Council of the Confederation of Industry in India.

Selected published work

India’s turning point: An economic agenda to spur growth and jobs,” McKinsey Global Institute, August 2020

Countering the gender-regressive shock of COVID-19 in Asia,” Financial Times, August 2020

COVID-19 and gender equality: Countering the regressive effects,” McKinsey & Company, July 2020

Opening with care,” Hindustan Times, June 2020

Reopening India: Implications for economic activity and workers,” McKinsey & Company, May 2020

The Covid-19 crisis: Exposing underlying vulnerabilities in social contracts,” VOX EU, April 2020

Where women stand,” Project Syndicate, April 2020

Getting ahead of coronavirus: Saving lives and livelihoods in India,” McKinsey & Company, April 2020

Advanced economies' missing link,” Project Syndicate, February 2020

The new social contract in the 21st century,” McKinsey Global Institute, February 2020

The power of parity: Advancing women's equality in Africa,” McKinsey Global Institute, November 2019

Will automation improve work for women or make it worse?,” Harvard Business Review, July 2019

China and the world: Inside the dynamics of a changing relationship,” McKinsey Global Institute, July 2019

"The gig economy has an identity problem and digital ID could fix it,” Quartz, June 2019

Our automated future will affect women differently than men,” Fast Company, June 2019

The future of women at work: Transitions in the age of automation,” McKinsey Global Institute, June 2019

The present and future of women at work in Canada,” McKinsey & Company, June 2019

"Why the world needs "good" digital ID," OECD Forum blog, May 2019

Digital identification: A key to inclusive growth,” McKinsey Global Institute, April 2019

Digital India: Technology to transform a connected nation,” McKinsey Global Institute, March 2019

How governments in emerging economies can help boost and sustain growth,” McKinsey & Company, March 2019

Accelerating gender parity: What can governments do?,” McKinsey & Company, January 2019

The case for digital identification,” Project Syndicate, January 2019

China and the world: Inside a changing economic relationship,” McKinsey Global Institute, December 2018

Preparing millennials for the age of automation,” Live Mint, December 2018

The role companies play in boosting growth in emerging markets,” World Economic Forum, September 2018

The best performing emerging economies emphasize competition,” Harvard Business Review, September 2018

The emerging world's high achievers,” Project Syndicate, September 2018

Outperformers: High-growth emerging economies and the companies that propel them,” McKinsey Global Institute, September 2018

A woman's place is in the digital revolution,” Project Syndicate, August 2018

How can digital technology speed up gender equality?,” Equals, July 2018

Europe’s refugees: Refocusing on integration,” McKinsey Global Institute, May 2018

The power of parity: Advancing women’s equality in Asia Pacific,” McKinsey Global Institute, April 2018

Partnering for parity: Strengthening collaborations for gender equality,” McKinsey & Company, October 2017

Power of parity: Gender equality across Asean,” The Straits Times, July 2017

The power of parity: Advancing women’s equality in Canada,” McKinsey Global Institute, June 2017

A new emphasis on gainful employment in India,” McKinsey Global Institute, June 2017

What's now and next in analytics, AI, and automation,” McKinsey Global Institute, May 2017

China’s role in the next phase of globalization,” McKinsey Global Institute, April 2017

India's migration opportunity,” Business Standard, April 2017

Technology, jobs, and the future of work,” McKinsey Global Institute, December 2016

Global migration’s impact and opportunity,” McKinsey Global Institute, November 2016

The great income stagnation,” Project Syndicate, September 2016

Miles to go: Stepping up progress toward gender equality,” McKinsey Global Institute, September 2016

India’s ascent: Five opportunities for growth and transformation,” McKinsey Global Institute, August 2016

Poorer than their parents? A new perspective on income inequality,” McKinsey Global Institute, July 2016

The working women windfall,” Project Syndicate, June 2016

Realizing gender equality’s $12 trillion economic opportunity,” McKinsey Global Institute, May 2016

The power of parity: Advancing women's equality in the United States,” McKinsey Global Institute, April 2016

The power of parity: Advancing women’s equality in India,” McKinsey Global Institute, November 2015

How advancing women’s equality can add $12 trillion to global growth,” McKinsey Global Institute, September 2015

India's tech opportunity: Transforming work, empowering people,” McKinsey Global Institute, December 2014

From poverty to empowerment: India’s imperative for jobs, growth, and effective basic services,” McKinsey Global Institute, February 2014

India's internet opportunity,” McKinsey Global Institute, March 2013

Talent tensions ahead: A CEO briefing,” McKinsey Quarterly, November 2012

The world at work: Jobs, pay, and skills for 3.5 billion people,” McKinsey Global Institute, June 2012

Radio interviews

"Economic Tectonics," BBC World Service, The Compass, March 2017

Past experience

Peregrine Capital
Equity analyst

Moody's (affiliated credit rating agency in India)
Credit analyst

ANZ Grindlays Bank, Mumbai
Foreign exchange dealer


Indian Institute of Management, Ahmedabad

St. Xavier’s College, Mumbai
Bachelors degree, economics and statistics