First will be the growth estimate. The assumption for the current fiscal year proved fairly conservative. Both nominal and real gross domestic product (GDP) growth rates, however, are likely to come down in 2023-24. The first advance estimates of national income have pegged the real GDP growth at 7 per cent for the current year. According to the available numbers, real growth in the first half of the fiscal year was 9.7 per cent, which means growth in the second half is projected