 "Decadal perspective: Modi govt has pushed the pedal on growth, technology")
Challenges
Nominal GDP growth rate is officially projected to be less than budget assumption for FY24, a trend also seen in previous years
Official projection of deflators in first advance estimates was the lowest in at least 11 years
Takeaways
Conservative estimate on economic growth for the coming year in nominal terms shows the Budget erring on the side of caution
Focus on technology and encouraging research and development to fuel innovation
Focus on technology and encouraging research and development to fuel innovation
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