The first advance estimates released by the National Statistics Office (NSO) had estimated a nominal GDP growth of 9.7 per cent for FY25. Nominal GDP, calculated at current market prices, factors in the effect of inflation. It is used as the base to calculate crucial macroeconomic indicators, such as fiscal deficit, revenue deficit, and debt-to-GDP ratio. A higher nominal GDP assumption makes it easier for the finance minister to show a narrower fiscal deficit print and vice versa.
Madan Sabnavis, chief economist, Bank of Baroda said nominal GDP growth is assumed to be 10.5 per cent for FY26. This is due to the low base effect and a lower inflation print (around 4 per cent) which will revive consumption.
この記事は Business Standard の January 09, 2025 版に掲載されています。
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この記事は Business Standard の January 09, 2025 版に掲載されています。
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