Unemployment major challenge for India but reforms would create jobs: IMF
Noting that India has been one of the fastest growing large economies in recent times, International Monetary Fund spokesperson, Gerry Rice, said this has led to improvement in reducing poverty and improvements in living standards. "Our view is that recent reforms, particularly the implementation of GST, national goods and services tax, should help boost efficiency and productivity and overtime will contribute to help them create jobs in the formal sector," Rice said when asked if India is experiencing jobless growth.
International Monetary Fund spokesperson, Gerry Rice, acknowledged that unemployment is a major challenge that India is facing currently. Image source: Reuters