According to the statistics ministry#39;s first advance estimate of this year’s GDP, the Indian economy#39;s growth rate is set to increase to 7.3 percent from 7.2 percent in 2022-23. However, the nominal growth rate is seen at 8.9 percent – well below the government#39;s assumption that it would be 10.5 percent.
Budget 2024: Low nominal growth could put India#39;s fiscal deficit target under pressure on January 8, 2024 at 11:50 am
