{
  "id": 19747827,
  "title": "India needs to create high-quality jobs, increase productivity growth: IMF",
  "url": "https://urgent.news/2026/11/13/india-needs-to-create-high-quality-jobs-increase-productivity-growth",
  "topic": "world",
  "section": "World",
  "published": "2026-11-13T03:03:15.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/news/national/india-needs-to-create-high-quality-jobs-increase-productivity-growth-imf/article71696425.ece"
  },
  "original_language": "en",
  "account": "The International Monetary Fund (IMF) has recommended that India focus on boosting productivity growth, encouraging stronger private investment, and increasing the creation of high-quality jobs to reach its medium-term growth target of 6.8%, according to a statement released on Thursday (November 12, 2026). The IMF raised India's growth forecast for the fiscal years 2027 and 2028 to 7% in October, from the earlier projections of 6.4% and 6.7% made in July.\n\nKrishna Srinivasan, Director of the IMF's Asia and Pacific Department, stated that the updated GDP methodology used by the IMF is consistent with the advice the IMF has been providing to India, including from their statistics department. Julie Kozack, Communications Director of the IMF, added that while India's favorable demographics, large and growing domestic market, and structural reforms are positive factors, the IMF continues to encourage India to implement further reforms, particularly to enhance productivity growth.\n\nThe IMF official emphasized that growth prospects are supported by India's strong macroeconomic fundamentals, including robust domestic demand, lower dependence on exports as a growth driver, and a stable policy environment. The IMF noted that these issues will be discussed during the Article 4 consultations with India.\n\nAccording to the World Economic Outlook database published by the IMF in April 2026, India's GDP at current prices is projected to reach approximately $5.1 trillion by 2028-29. Finance Minister Nirmala Sitharaman confirmed this projection during a written reply in the Rajya Sabha.",
  "summary": "In its October World Economic Outlook, the IMF had upgraded India’s medium-term potential growth to 6.8% from its earlier estimate of 6.5%",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Economy",
        "title": "India needs to create high-quality jobs, increase productivity growth: IMF",
        "url": "https://urgent.news/2026/11/12/india-needs-to-create-high-quality-jobs-increase-productivity-growth",
        "published": "2026-11-12T17:21:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}