BUDGET
FY26 nominal GDP growth pegged at 10.1% vs 9.7% in FY25
This story was originally published at 13:07 IST on 1 February 2025
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NEW DELHI – The Union Budget has projected a nominal GDP growth of 10.1% for the next financial year starting April, higher than the estimated 9.7% in FY25. The Budget for FY25 had projected nominal GDP growth at 10.5%.
The government's projection of nominal GDP growth for FY26 is higher than the consensus view. According to an Informist poll, the Budget was expected to peg nominal GDP growth for FY26 at 10.5%.
Nominal GDP growth is expected to rise next financial year as the Indian economy is seen recovering from a four-year low real GDP growth of 6.4% in FY25. The Economic Survey for FY25, released on Friday, projected next year's real GDP growth in the range of 6.3-6.8%.
The nominal GDP assumed in the Budget is crucial as it will determine key targets, including fiscal deficit and tax collections. End
Reported by Shubham Rana and Siddhi Chauhan
Edited by Saji George Titus
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