IMF Raises India's Medium-Term Growth Potential To 6.8%, Flags Need For Productivity Reforms
New Delhi, Nov. 13 -- India will need to accelerate productivity growth, strengthen private investment and create more high-quality jobs to achieve its medium-term potential growth rate of 6.8 per cent, the International Monetary Fund (IMF) said on Thursday.
IMF Raises India's Medium-Term Growth Potential To 6.8%
The IMF had raised India's medium-term potential growth estimate to 6.8 per cent from 6.5 per cent in its October World Economic Outlook.
IMF Communications Director Julie Kozack attributed the upward revision to favourable demographics, a large and expanding domestic market and continued progress in structural reforms.
Productivity And Private Investment Key To Sustaining Growth
She said further reforms, particularly those ...
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