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.
Bu hikaye Business Standard dergisinin January 08, 2025 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin January 08, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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\"Growth is coming back for retail and a harsher winter, especially in the north, pushed up demand. But we are witnessing growth not just in the north but from other parts of the country as well,\" said Manish Kapoor, CEO at Pepe Jeans India. The denim brand expects growth during the weekend to be 10-12 per cent over last year's Republic Day sales.
