The International Monetary Fund published remarks by Managing Director Kristalina Georgieva at the India AI Impact Summit setting out the IMF’s latest assessment of artificial intelligence’s macroeconomic upside and labour market risks, while endorsing a practical, human-centred approach to AI deployment. Georgieva said IMF estimates suggest AI has the potential to lift global annual GDP growth by up to 0.8 percentage points, alongside investment surges into data centres, power supply, and related infrastructure. She cited IMF staff research indicating that jobs enhanced by AI could raise demand for complementary services, estimating a net addition of 1.3 jobs for every one person hired into AI-related work, but warned that the pace of change could displace roles that AI replaces rather than augments, potentially “hollowing out” middle-tier jobs. The remarks highlighted India’s focus on practicality, accessibility, and an open-source approach, and encouraged India to help diffuse the benefits of “practical Indian AI” to low-income and developing countries.
International Monetary Fund 2026-02-19
International Monetary Fund Managing Director outlines AI’s potential 0.8 percentage point GDP lift and net job gains at India summit
IMF Managing Director Kristalina Georgieva, at the India AI Impact Summit, highlighted AI's potential to boost global GDP growth by up to 0.8 percentage points and create a net addition of 1.3 jobs for every AI-related hire. She emphasized the risks of job displacement and the importance of a human-centred AI approach. Georgieva also encouraged India to share its practical AI advancements with low-income and developing countries.