9 states may post higher nominal GDP growth than country's 10.5% https://ift.tt/wUrZ9uF average nominal GDP growth projected by the nine states for FY24 is 14%, well above the 10.5% nominal growth for the country projected in the Union budget as well as the average of 11.1% for all the 17 states analysed. Some experts are circumspect about these growth projections, given that the country's overall growth is expected to slow down from 15.9% estimated for this fiscal as per the budget for FY24.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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