Archive · 2 Sep 2026
India Can Grow Beyond 8% With Jobs and Investment
Ajay Banga says India’s economy is growing strongly.
He believes India could grow by more than 8% in the future.
Services, exports and investment are helping the economy.
Banga says economic growth should create more jobs for young people.
He says roads, bridges, airports, electricity, water and digital services are important.
Better education, skills training and healthcare are also needed.
Government rules must be put into practice by India’s states.
Private companies, especially small businesses, will create many of the new jobs.
World Bank President Ajay Banga said India could exceed its current 7–8% growth trajectory.
He described India’s 7.8% growth as robust, citing services, exports and sustained investment.
Banga said growth must translate into jobs and opportunities for India’s young population.
He identified infrastructure, education, regulatory reform and private capital as key employment pillars.
The World Bank provided more than $3 billion in trade financing to Indian MSMEs during a recent crisis linked to the war in Iran.
- Who
- World Bank President Ajay Banga discussed India’s economic prospects.
- What
- Banga said India could grow beyond 8% and outlined ways to convert growth into employment.
- When
- The comments were made during an interview on the sidelines of a G20 Finance Ministers’ meeting; no specific date was provided.
- Where
- The interview took place in Asheville.
- Why
- Banga said India needs stronger private investment, infrastructure, skills, regulatory implementation and capital mobilisation to create jobs and opportunities.
- Current growth trajectory
- India is delivering approximately 7–8% growth, with the article citing 7.8%.
- Growth drivers
- Services, exports and sustained investment were identified as strengths.
- Employment focus
- Banga said growth should create opportunities for young people.
- Employment pillars
- Physical and human infrastructure, regulatory reform and private capital mobilisation.
- Potential job sectors
- Infrastructure, agriculture, primary healthcare, tourism and value-added manufacturing.
- MSME financing
- The World Bank provided almost $3 billion or more in trade financing to India’s MSME sector during a recent crisis.
- Regulatory reform
- Banga cited central government labour-law changes, whose effects depend on implementation by individual states.