Budget 2024: "No spectacular announcements"
- Credit Rating Agency in India
- Union Budget
- Budget 2024: "No spectacular announcements"
India has been the fastest-growing major economy for the third successive year. Despite global headwinds, including geo-political realignment, India’s economy would continue its strong and resilient growth of 6.7% in FY 2024 and 6.2% in FY 2025. The first Advance Estimates of National Income 2023-24 placed macro-economic growth at 7.3% in FY 24 vis-a-vis 7.2% last year. However, the nominal GDP growth is estimated at 8.9% as against 16.1% in FY 23. These are likely to change following improved data coverage, actual tax collection and expenditure on subsidies, etc.