<h1>CEA warns benign inflation and GST cuts may leave FY26 nominal GDP below 10.1% target despite solid real growth</h1> Chief economic adviser warned that benign inflation-driven by a strong kharif harvest and GST rate reductions and process reforms-could cause nominal GDP to fall short of the Budget's 10.1% target for FY26, even as real GDP remains on track for the 6.3-6.8% range. He noted Q1 nominal growth was stronger than feared and expected household consumption to gain from tax and price reliefs, though the recent steep US tariffs on Indian exports (implemented in August) pose downside risks to near-term growth and could partially offset domestic stimulus from GST changes.