Nine states may surpass national nominal GDP growth of 10.5%: Report

According to data available with the Ministry of Statistics and Programme Implementation (MoSPI), Uttar Pradesh, under the leadership of CM Yogi Adityanath, expects to be the top performer

Nine Indian states have made projections of growth rates higher than the 10.5 per cent forecast in 2023–24, according to a report in The Economic Times (ET). The average nominal GDP growth for the country projected by these nine states for FY24 is 14 per cent. This is well above the nominal growth rate projected in the Union budget, which was 10.5%.

The report said that experts doubt these growth projections since the country's overall growth is expected to slow down from an estimated 15.9 per cent for this financial year, as projected in the budget for FY24.