International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated that India’s aim to become a developed nation can be realized through AI-driven innovation and expansion. She highlighted that leveraging artificial intelligence could help India reach its target of a $30 trillion economy by 2047. Georgieva, speaking at the AI Impact Summit 2026, emphasized that AI has the potential to boost global growth by 0.8%, surpassing pre-pandemic rates.
Georgieva pointed out that faster economic growth facilitated by AI leads to increased opportunities and job creation. She commended India’s advantageous position, attributing it to the country’s young and innovative population, along with robust public digital infrastructure that fosters entrepreneurship and technology adoption. Despite the benefits, she cautioned about AI’s impact on employment, noting that around 40% of jobs could be affected, with the possibility of this figure rising to 60% in advanced economies.
The IMF Director stressed the importance of education reform to equip individuals with adaptable skills in rapidly evolving job markets. She highlighted the necessity for countries to prioritize learning strategies that support continuous skill development. Georgieva praised India’s efforts in implementing structural reforms in taxation and labor markets, making the country more competitive and prepared for the AI-driven future. She acknowledged India’s progress in creating diverse economic opportunities and emphasized the significance of digital public infrastructure and initiatives like Aadhaar in fostering economic growth.
