AI could lift global growth by 0.8%, says IMF chief; India’s Viksit Bharat goal achievable

At the India AI Impact Summit, IMF chief Kristalina Georgieva says AI could raise global growth by 0.8% but warns up to 40% of jobs face disruption.

• Artificial intelligence could raise global economic growth by nearly a percentage point, potentially pushing the world economy beyond pre-pandemic trends, and India’s ambition of becoming a developed nation by 2047 is within reach, IMF Managing Director Kristalina Georgieva said on Wednesday.
• Speaking at the India AI Impact Summit, Georgieva cited IMF research that estimates AI could lift global growth by about 0.8 percent.
• “We did some research and here is the answer. Based on what we know, AI can lift up global growth by almost a percentage point. We say 0.8 per cent... It would mean that the world would grow faster than it did before the COVID pandemic,” she told PTI.
• Georgieva said faster economic expansion would translate into greater opportunities and job creation.
• “This is the magnitude that we see for India, and it would mean that India's Viksit Bharat is achievable,” Georgieva told PTI.
• India has set a target of becoming a developed nation by 2047, with an aspiration of building a $30 trillion economy. A sustained boost from AI-led productivity gains could strengthen that trajectory, particularly in services, manufacturing and digital public infrastructure.
• Her remarks come at a time when India is positioning itself as a global AI hub, leveraging its digital payments ecosystem, talent base and policy push to attract AI investments.
• But the IMF chief also issued a stark warning: AI’s benefits will come with significant labour market disruption.
• “We calculated this risk is very high. We actually see the impact of AI...like a tsunami. Globally, 40 per cent of jobs will be affected by AI...In emerging markets, 40 per cent, but in advanced economies, 60 per cent,” she said.

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Artificial intelligence could raise global economic growth by nearly a percentage point, potentially pushing the world economy beyond pre-pandemic trends, and India’s ambition of becoming a developed nation by 2047 is within reach, IMF Managing Director Kristalina Georgieva said on Wednesday.

Speaking at the India AI Impact Summit, Georgieva cited IMF research that estimates AI could lift global growth by about 0.8 percent.

“We did some research and here is the answer. Based on what we know, AI can lift up global growth by almost a percentage point. We say 0.8 per cent... It would mean that the world would grow faster than it did before the COVID pandemic,” she told PTI.

Georgieva said faster economic expansion would translate into greater opportunities and job creation.

“This is the magnitude that we see for India, and it would mean that India's Viksit Bharat is achievable,” Georgieva told PTI.

India has set a target of becoming a developed nation by 2047, with an aspiration of building a $30 trillion economy. A sustained boost from AI-led productivity gains could strengthen that trajectory, particularly in services, manufacturing and digital public infrastructure.

Her remarks come at a time when India is positioning itself as a global AI hub, leveraging its digital payments ecosystem, talent base and policy push to attract AI investments.

But the IMF chief also issued a stark warning: AI’s benefits will come with significant labour market disruption.

“We calculated this risk is very high. We actually see the impact of AI...like a tsunami. Globally, 40 per cent of jobs will be affected by AI...In emerging markets, 40 per cent, but in advanced economies, 60 per cent,” she said.