Budget FY25: Nominal GDP assumption has multiple scenarios
Tue, Feb 6, 2024 1:38 AM

Budget FY25: Nominal GDP assumption has multiple scenarios

A Flip by Shubhangi Gupta
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The interim budget projects a 10.5 percent growth in India's nominal GDP for 2024-25, based on three scenarios outlined by the finance ministry. This includes a real GDP growth rate of 6-7 percent and a deflator of 3.5-4.5 percent. The budget aims for a conservative approach, with expectations of a 7 percent real GDP growth next fiscal.

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