Slow economic recovery on track The month of August shows the slow economic recovery, which is the business cycle stage following a recession characterized by a sustained period of improving India’s business activities. Usually, Gross Domestic Product (GDP)grows during an economic recovery, income rises, unemployment falls, and the economy rebounds. The current situation in economic recovery In August, economic recovery in India remained on track, with goods and services from all the tax collections staying over RS.1 lakh crore while automakers sold more cars than in the year-earlier despite a semiconductor and parts shortage. Demands of petrol & diesel From…
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