IMF's Gita Gopinath calls for skilled workforce, infrastructure investments, labor-market flexibility, and climate action for India's 2047 economic transition.
IMF's Gita Gopinath emphasizes India's need for a skilled workforce, increased infrastructure investments, and labor-market flexibility to transition to a developed economy by 2047. She also urges fixing skill-mismatch issues, incentivizing states to implement labor codes, and expanding the tax base to increase fiscal space. Gopinath warns of climate change as a significant downside risk to India's growth, urging action on renewable energy and carbon pricing schemes.
August 17, 2024
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