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IMF raises India's medium‑term growth outlook to 6.8%, urges focus on quality jobs
✍️ The Hindu
🗓 13 Nov 2026, 08:38 AM
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The IMF’s October World Economic Outlook lifts India’s potential growth to 6.8% and calls for higher productivity and more high‑skill employment.
The International Monetary Fund’s October World Economic Outlook has upgraded India’s medium‑term potential growth rate to 6.8%, up from the previously projected 6.5%. The revision reflects the fund’s assessment of stronger domestic demand and a more resilient external environment.
In its commentary, the IMF emphasised that sustaining this higher growth path will require a decisive shift toward creating high‑quality, productivity‑driven jobs. With a youthful workforce expanding, the fund warns that merely adding low‑skill employment will not translate into lasting economic gains.
Policy makers are therefore urged to deepen skill‑development programmes, encourage private‑sector investment in technology‑intensive sectors, and implement structural reforms that boost labour efficiency. Such measures are seen as essential to convert the demographic dividend into a sustainable engine of growth.
The IMF’s outlook arrives as India prepares its next fiscal plan, prompting officials to balance growth ambitions with the need for inclusive, well‑paid employment opportunities.
In its commentary, the IMF emphasised that sustaining this higher growth path will require a decisive shift toward creating high‑quality, productivity‑driven jobs. With a youthful workforce expanding, the fund warns that merely adding low‑skill employment will not translate into lasting economic gains.
Policy makers are therefore urged to deepen skill‑development programmes, encourage private‑sector investment in technology‑intensive sectors, and implement structural reforms that boost labour efficiency. Such measures are seen as essential to convert the demographic dividend into a sustainable engine of growth.
The IMF’s outlook arrives as India prepares its next fiscal plan, prompting officials to balance growth ambitions with the need for inclusive, well‑paid employment opportunities.