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Nominal GDP may get a boost, says economic affairs secretary
February 04, 2026
|Mint Mumbai
India’s nominal GDP growth for FY27, pegged at 10% in the Union Budget, could turn out higher if the proposed India-US trade deal goes through, which is expected to boost domestic manufacturing, Department of Economic Affairs (DEA) secretary Anuradha
The deal with US is expected to push India's manufacturing.
(MINT)
Thakur said.Nominal gross domestic product (GDP) measures economic output at current market prices, without adjusting for inflation, and is crucial for tax revenues because taxes are collected on current prices and incomes, not inflation-adjusted values.
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