India's GDP Goal: A Closer Look at Subdued Nominal Growth
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India's GDP Ambition
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India has set a formidable goal of becoming a $5 trillion economy by a target year, often cited as 2024.
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The GDP Calculation
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GDP is typically measured in two ways: real GDP and nominal GDP.
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The Warning from Experts
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Economists and financial experts have voiced concerns about India's nominal GDP growth.
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Inflation Impact
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One major factor affecting nominal GDP is inflation, which has been a concern in recent years.
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Challenges in Achieving the Goal
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Ensuring sustainable growth, rather than artificially inflating nominal GDP, is essential.
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