• Despite a downward revision in India’s GDP growth forecast for the fiscal year 2024-25, the government’s fiscal deficit target of 4.9% of GDP remains attainable.
• The National Statistics Office (NSO) has projected a nominal GDP growth of 9.7% for FY25, slightly below the earlier estimate of 10.5%.
• This adjustment is expected to have a minimal impact on the fiscal deficit, as the government plans to reduce capital expenditure to offset the lower GDP growth.

Date: Current Affairs - 09-01-2025
Category: Economics

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