India should turn GDP growth in more jobs: Economists
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New Delhi: India’s economy continues to expand at a rapid pace, driven by strong domestic consumption, robust manufacturing, and steady growth in the services sector, economists said on Sunday.
They said the latest data from the International Monetary Fund (IMF) presents an encouraging outlook for the country -- reinforcing its position as the world’s fastest-growing major economy. It’s right time for India to generate huge numbers of jobs in the world’s fastest growing economy, advise economists.
According to the IMF’s latest projections, India’s economy is expected to grow at 6.6 per cent in 2026, maintaining its lead among large economies. In contrast, China’s growth rate is forecast to slow to 4.8 per cent during the same period.
