IMF Says Innovation, Reforms Key To Boosting India’s Productivity

IMF Says Innovation, Reforms Key To Boosting India’s Productivity

WASHINGTON, D.C.-Strengthening innovation and easing business barriers could sharply raise India’s productivity growth and support its goal of becoming an advanced economy, according to a new analysis by the International Monetary Fund. India’s productivity growth over the past two decades has been strong, according to an IMF report authored by Harald Finger, the IMF’s mission chief for India, and Nujin Suphaphiphat, a senior economist in the Fu…