India's per capita nominal GDP to increase by Rs 35k in FY25 despite slower overall growth: SBI

New Delhi [India], January 8 (ANI): Despite a slowdown in real GDP growth and stagnant nominal GDP growth, per capita nominal GDP is expected to rise significantly in FY25, according to a report by the State Bank of India (SBI).

The report highlighted that per capita nominal GDP in FY25 is estimated to be nearly Rs 35,000 higher than in FY23. This growth is seen as a positive development even as the broader GDP growth dec