NEW DELHI – On the very first day of New Years 2022, January 1, Prime Minister Narendra Modi presented data that reflects the growth of India’s economy in 2021.
Speaking on the economy, the Prime Minister said that on many parameters the Indian economy is doing better than before Covid. He stressed: âToday the growth rate of our economy is over 8%. Record foreign investments have arrived in India. Our foreign exchange reserves have reached record levels. records in terms of exports, particularly agricultural ones.
He said that in 2021, a transaction of over Rs 70 lakh crore was made through UPI. Over 50,000 startups working in India out of those 10,000 have appeared in the past six months.
To corroborate the PM’s assertions about economic growth in 2021, on the indirect tax front, the gross GST revenue collected in December 2021 is Rs 1,29,780 crore, 13% more than the GST revenue at the same time. last year and 26% higher than GST revenues in December 2019. During the month of December, revenues from importing goods were 36% higher and revenues from domestic transactions (including l import of services) were 5% higher than revenues from these sources in the same month last year.
The average monthly gross GST collection for the third quarter of the current year was Rs 1.30 lakh crore against the average monthly collection of Rs 1.10 lakh crore and Rs 1.15 lakh crore respectively in the first and in the second trimester. While on the direct tax side, 46.11 RTI were filed on December 31, 2021 alone, for an overall total of 5.89 crore RTI for YY 2021-22. In the year 2020-2021, the total number of RTIs filed was 5.95 crore, slightly higher than this year, which is 5.89 crore, according to the finance ministry.
On the occasion of the broadcast of the 10th tranche of the financial benefits of the Pradhan Mantri Kisan Samman Nidhi program on January 1 by videoconference, the Prime Minister spoke of the steps taken in the agricultural sector in recent years. The production of food grains reached 300 million tons, similarly the production of horticulture and floriculture reached 330 million tons. Milk production has also increased by almost 45 percent over the past 6-7 years. About 60 lakh of hectares of land were subjected to micro-irrigation; more than Rs 1 lakh crore were paid in compensation under Prime Minister Fasal Bima Yojna, while the bonus received was only Rs 21,000 crore. Ethanol production has increased from 40 crore liters to 340 crore liters in just seven years.