Question
By how many percentage points did nominal GDP growth in
Apr–Jun 2025 fall short of the Union Budget target of 10.1%?Solution
Nominal GDP growth in Apr–Jun 2025 was 8.8%, versus the Budget target of 10.1%. The shortfall equals 10.1 – 8.8 = 1.3 percentage points. This weaker nominal growth is linked with lower tax collections in the period: gross tax revenue up 1% while net tax revenue fell 7.5% (Apr–Jul 2025), putting pressure on fiscal targets.
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