NIPFP Forecasts India’s FY25 GDP Growth at 7.1%
The National Institute of Public Finance and Policy (NIPFP) predicts India’s GDP growth for the fiscal year 2024-25 to be 7.1%. Utilizing high-frequency models, NIPFP underscores the government’s fiscal consolidation efforts, emphasizing tax buoyancy and compression of revenue expenditure. States’ Capex Growth In the fiscal year 2023-24, states witness robust capital expenditure (capex) growth, attributed …
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