As India gets closer to its GDP goal, experts warn of subdued nominal growth

Economists predict that India's nominal GDP growth may fall below the budgeted estimate of 10.5% for the current fiscal year, challenging the country's goal of becoming a $5 trillion economy by another year. The subdued wholesale inflation, which affects nominal GDP growth, is expected to remain low, with experts estimating it to average around 1-2% in FY24.

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