Budget math is under risk as nominal GDP growth slows ...

MUMBAI (Reuters) – India’s nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ahead of ...

Sales volumes for the manufacturing corporate sector have been sluggish, and that is a sign of weak nominal growth. Photographer: Sondeep Shankar/Bloomberg News India’s GDP growth rate for the quarter ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

MUMBAI — India’s nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ahead of national ...

India's nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ahead of national elections ...

A lower tax revenue will limit the government's ability to spend and support the economy as the country heads to national elections in 2024. Nominal GDP growth, which includes inflation, is the ...