The economy has started showing signs of recovery after second wave of Covid-19 which is receding fast. While nothing is predictable on the third wave yet, the economy is slowly returning to normal with most of the curbs been lifted in all parts of the country. While capital expenditure has grown in Q1 this year, there is a decline in revenue expenditure lead by rural expenditure which may impact economic recovery. On economy, various economists and agencies have estimated GST growth for Q1 of current fiscal in the range of 13-23% with most predictable being in 17-18% range.
Source Taxguru
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