UNION BUDGET 2024-25: TRENDS & ANALYSIS
- Credit Rating Agency in India
- Union Budget
- UNION BUDGET 2024-25: TRENDS & ANALYSIS
The post-election Union Budget 2024-25 has tried to balance between the fiscal consolidation path and carrying out the growth momentum of the economy. It is expected that the nominal GDP to increase by 10.5% in FY25. Fiscal deficit has been pegged at 4.9% of GDP or ?16.13 lakh crore in FY25. India’s real GDP grew by 8.2 per cent in FY24, posting growth of over 7 per cent for a third consecutive year, driven by stable consumption demand and steadily improving investment demand.