Stock market LIVE: Frontline indices were steady with nominal losses after the economic survey for 2023-24 pegged the FY24 GDP growth at 6.5 per cent in a baseline scenario, compared to 7 per cent in the current fiscal. The BSE Sensex was down 100 odd points at 59,373, while the NSE Nifty index was around 17,600. The real GDP growth is being seen between 6-6.8 per cent next fiscal depending on global economic and political developments, the survey said. The nominal GDP has been estimated at 11 per cent for FY24.
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Stock market LIVE: Frontline indices were steady with nominal losses after the economic survey for 2023-24 pegged the FY24 GDP growth at 6.5 per cent in a baseline scenario, compared to 7 per cent in the current fiscal. The BSE Sensex was down 100 odd points at 59,373, while the NSE Nifty index was around 17,600. The real GDP growth is being seen between 6-6.8 per cent next fiscal depending on global economic and political developments, the survey said. The nominal GDP has been estimated at 11 per cent for FY24.
The growth will be driven by private consumption, higher capex, strengthening corporate balance sheet, credit growth to small businesses and return of migrant workers to cities, the survey said.
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