Mint Quick Edit | Single-digit nominal GDP growth could complicate the government’s fiscal planning
Our economic picture is thus upbeat. Nominal GDP growth, however, is estimated at 8% in 2025-26, which is significantly below the 10.1% rate assumed for this year’s budget. Since tax collections track nominal growth, they could end up lower than projected, which may put the fiscal deficit target set at 4.4% of GDP at risk.
Post Comment