GDP 8.4 percent in the third quarter, the fastest growth in the world

India’s economy is soaring high under the leadership of Prime Minister Narendra Modi. While there is an outcry about Corona all over the world, the fast pace of the country’s economy is surprising even big countries. Is. This time the country has made such a leap that the GDP has exceeded the earlier figures of Kovid. In the year 2019, the country’s economy was 35.61 lakh crores, but the country’s economy has shown strength, overcoming all the troubles of the Corona period. Now the economy has reached 35.73 lakh crore. It is clear that under the able leadership of PM Modi, the country seems to be coming out of the difficulties of the Corona period.

The policies of Prime Minister Narendra Modi have been successful in reviving the economy, if we look at the three quarters of 2021-22, then the growth figures of the country are telling a new story of the success of the Modi government. The GDP figures in the three quarters are giving new enthusiasm to the business world of the country. According to new data, private final consumption expenditure has reached Rs 19.48 lakh crore in the July-September quarter, as against Rs 17.83 lakh crore in the previous quarter. If we look at the sector-wise growth, then the pace of growth in the mining sector has been the fastest in the third quarter, registering a growth of 15.4 percent in this sector. Due to the efforts of the Modi government, there was a growth of 4.5% in the agriculture sector, which is directly benefiting the farmers. Due to the high growth in the agricultural sector of the country, the purchasing power of the people in the rural areas has increased. Which is benefiting the economy of the country

During the Corona period, the country’s economy had fallen at a rate of 24.4 percent. This sector was reduced to 1.30 lakh crores with a drop of 50.3%. Now it has been improved. It is now only Rs 660 crore behind the level before Kovid. With the rapid pace of vaccination, confidence returned in the business world, there has been a three-fold jump in vaccination across the country. Which increased to 89.02 crores by the end of October. By the end of June, this figure was 33.57 crore. The GDP of the country has also exceeded the estimates of the bigwigs of the economy in this quarter. India Ratings had estimated that the country’s economy would grow at 8.3 per cent in the second July-September quarter of the current financial year, while the full fiscal year 2021-before GST collection data showed the country’s economy to get back on track. was indicated. In the month of September, more than Rs 1.17 lakh crore GST was collected. With the efforts of the Modi government, the pace of GST collection remains intact. The Modi government had taken many important decisions to bring the country’s economy out of the impact of the Corona epidemic and to accelerate development. The growth rate of Gross Domestic Product (GDP) in 22 will be 9.4 percent. But the GDP has been higher than the estimates of India Ratings.

Earlier, the data of GST collection had indicated the return of the country’s economy back on track. In the month of September, more than Rs 1.17 lakh crore GST was collected. With the efforts of the Modi government, the pace of GST collection remains intact. The Modi government had taken many important decisions to bring the country’s economy out of the impact of the Corona epidemic and to accelerate development. Consumer demand is getting back on track after the second wave of corona epidemic in the country. Looking at the sales of retail stores across the country, there has been a strong increase in consumer demand this year as compared to the previous month of September. The figures of the latest report of Bijom, a firm providing sales automation facility to 75 lakh retail stores of the country, are a testimony to the fact that the country’s economy is gaining momentum after the Corona epidemic. With the decision of the Modi government to open the market on time, the business world is returning to its glory. Experts say that if the third wave of Corona does not knock, then the impact of the Modi government’s decisions regarding business will come out faster and the country’s economy will come out of the negative effects of Corona by 2022-2023.