https://www.taxtmi.com/news?id=35700 Projected fourth-quarter expansion depends on a significant pickup in government capital expenditure and additional event-related spending, identified as the main drivers to achieve the revised annual GDP estimate. The estimate contrasts slower activity in mining and manufacturing with strength in agriculture and consumption. Nominal GDP is forecast higher, inflation is trending down, and supportive domestic factors-rural demand, improved crop output, reservoir levels and seasonal price corrections-alongside fiscal emphasis on agriculture, MSMEs, investment and exports, underpin near-term economic momentum despite external trade-policy risks. en-us Fri, 28 Feb 2025 20:01:03 +0530 Fri, 28 Feb 2025 20:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35700 Projected fourth-quarter expansion depends on a significant pickup in government capital expenditure and additional event-related spending, identified as the main drivers to achieve the revised annual GDP estimate. The estimate contrasts slower activity in mining and manufacturing with strength in agriculture and consumption. Nominal GDP is forecast higher, inflation is trending down, and supportive domestic factors-rural demand, improved crop output, reservoir levels and seasonal price corrections-alongside fiscal emphasis on agriculture, MSMEs, investment and exports, underpin near-term economic momentum despite external trade-policy risks. News - Fri, 28 Feb 2025 20:01:03 +0530 https://www.taxtmi.com/news?id=35700