Govt may peg FY28 nominal GDP growth at 10.5-11%
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- ✓The government may peg nominal GDP growth at 10.5-11 percent for the 2027-28 financial year.
- ✓A senior official said, "The nominal GDP figure would be a realistic estimate, taking into account the inflation and growth dynamics." This projection helps the finance ministry set tax revenue goals and manage fiscal deficit targets.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Moneycontrol
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
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The Budget for the financial year 2027-28 will likely peg nominal GDP growth at 10.5-11 percent, a senior government official told Moneycontrol.
"The nominal GDP figure would be a realistic estimate, taking into account the inflation and growth dynamics," the official said, requesting anonymity.
For the current fiscal, the nominal GDP growth is expected to be 11-11.5 percent, the official said. The budget had, pegged it at 10 percent.
Finance ministry officials expect FY28 real GDP growth in the 6.5-7 percent range.
Nominal GDP is the total market value of all final goods and services produced in a country over a specific period (quarter or a year), measured at current market prices. Unlike real GDP, it is not adjusted for inflation.
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