India needs to create high-quality jobs, increase productivity growth: IMF

India would need higher productivity growth, stronger private investment and faster creation of high-quality jobs to achieve the medium-term potential growth of 6.8 per cent, the International Monetary Fund (IMF) said on Thursday. In its October World Economic Outlook, the IMF had upgraded India?s medium-term potential growth to 6.8 per cent from its earlier estimate of 6.5 per cent. The upgrade took into account a few factors, including favourable demographics, a large and growing domestic economy or domestic market for goods, and continued momentum on structural reforms, Julie Kozack, Communications Director, IMF, told.

Powered by Capital Market - Live News