India's economy grows 20.1% in April-June quarter

The country's economy is back on track after recovering from the corona epidemic. India's GDP growth grew to 20.1 percent in the April-June quarter. However, economists had projected GDP growth of 18.5 percent in the first quarter of FY2021-22. RBI Governor Shaktikanta Das said at an event on Tuesday that the economy is receiving hints of recovery. But the world is still at risk of the corona. They are taking every necessary step to handle the economy. Full support is being provided to the government's borrowing event.

The fiscal deficit has come down to Rs 3.21 lakh crore in the April-July quarter. At the same time, the expenditure of the Government has also come down. Government expenses have been Rs. 10.04 lakh crores. 6.83 lakh crore in this quarter. With this, tax revenue increased to Rs 6.96 lakh, non-tax revenue increased to Rs 1.4 lakh crore in the April-July quarter.

Gross domestic product means gross domestic product speaks of the total value of all goods and services generated in the country in a year. Economists say GDP is exactly the same as a 'mark sheet of a student'. Just as the mark sheet shows how the student has performed throughout the year and in which subjects he has been strong or weak. Similarly, GDP indicates the level of economic activity and shows which sectors have led to a sharp or decline.

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