On Tuesday, the Union finance ministry released the report of the task force on National Infrastructure Pipeline (NIP), which is aimed at making an investment of Rs 100 lakh crore in infrastructure projects over the next five years. Along with the details of proposed investment projects, the report also gives estimates of India’s nominal GDP from 2019-20 to 2024-25. These estimates can give us an insight into the government’s expectations about economic growth in the medium term and the revenue situation for the current fiscal year. The summary findings: lower revenue (and tax revenue) in 2019-2020 but better-than-expected medium-term growth.
 

On Tuesday, the Union finance ministry released the report of the task force on National Infrastructure Pipeline (NIP), which is aimed at making an investment of Rs 100 lakh crore in infrastructure projects over the next five years. Along with the details of proposed investment projects, the report also gives estimates of India’s nominal GDP from 2019-20 to 2024-25. These estimates can give us an insight into the government’s expectations about economic growth in the medium term and the revenue situation for the current fiscal year. The summary findings: lower revenue (and tax revenue) in 2019-2020 but better-than-expected medium-term growth.