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As India gets closer to its GDP goal, experts warn of subdued nominal growth.


Date: 18-09-2023
Subject: As India gets closer to its GDP goal, experts warn of subdued nominal growth
India may inch closer to its target of 6.5% real GDP growth in FY24, but economists contend that nominal growth may be lower than budgeted, challenging the fiscal math and pushing the target to become a $5 trillion economy by another year.

Subdued wholesale inflation may keep nominal GDP growth at least a percentage point below the Union Budget estimate of 10.5% in this fiscal year, according to experts.


 Source Name : Economic Times

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