Will India’s growth rate rise or fall this financial year? Depends on which variable you pick
India's nominal GDP growth rate may exceed previous years, while its real GDP growth rate could decline, according to a Bank of Baroda analysis. Official data on India's Q1 growth will be released at the end of August, amid concerns over economic stability due to geopolitical tensions involving the US and Israel. Maintaining a growth rate above 7% is critical for India to achieve its goal of becoming a developed country by 2047.