New Delhi, Feb. 17 -- Predicting the future is perilous, but so is not trying to do so at all. Business leaders always ask themselves what trends are likely to endure and where the next disruption might come from. In most instances, the recent past can offer guidance for the future. In this context, the signals for India are decidedly mixed.

20, the McKinsey Global Institute (MGI) evaluated 12 high-growth, dynamic industries that did the most to reshape the global economy in these years. MGI then looked at future 'arenas of competition' that are most likely to drive outsized growth for companies over the next two decades: e-commerce, cloud services, artificial intelligence (AI), semiconductors, cybersecurity, electric vehicles (EVs), sha...