9 states may post higher nominal GDP growth than country’s 10.5%

The average nominal GDP growth projected by the nine states for FY24 is 14%, well above the 10.5% nominal growth for the country projected in the Union budget as well as the average of 11.1% for all the 17 states analysed. Some experts are circumspect about these growth projections, given that the country’s overall growth is expected to slow down from 15.9% estimated for this fiscal as per the budget for FY24.

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