Nominal GDP growth was more stable, at 9.7 per cent in FY25 versus 9.6 per cent growth in the last. That growth compares unfavorably with the 10.5 per cent growth assumed by the central government in making the estimates for the Budget in July. However, the government is not going to be too perturbed about achieving the modest additional fiscal consolidation required to hit the fiscal deficit target of 4.9 per cent of GDP. Buoyant revenue collections and weaker capex spending so far indicate scope for bigger savings.
この記事は Business Standard の January 08, 2025 版に掲載されています。
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この記事は Business Standard の January 08, 2025 版に掲載されています。
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