India must grow 12% to address job-skill mismatch: Morgan Stanley

India's economy must grow by 12.2% annually to tackle underemployment. This is double the current pace. A 7.4% growth rate is needed to maintain stable unemployment. Youth unemployment remains high at 17.6%. Morgan Stanley projects 6.5% growth, but this may not create enough jobs. AI could also curb future job growth, especially in IT services.

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