Nominal GDP growth of 10.5% may be assumed in FY25 Budget
Thu, Feb 1, 2024 10:24 AM

Nominal GDP growth of 10.5% may be assumed in FY25 Budget

A Flip by Shubhangi Gupta
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The upcoming interim Budget for 2024-25 is estimated to rely on a 10.5% nominal GDP growth, higher than the predicted 8.9% for the same period. This has a significant impact on fiscal calculations and deficit-to-GDP ratio, with higher growth resulting in a lower deficit. However, economists suggest that a lower-than-budgeted growth of 8.9% this year could lead to minor fiscal slippage.

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