India economy grew by 20.1% during the april june quarter of this financial year,as against a 24.4% contraction seen during the same period last year. The massive growth seen in the first quarter has made india the fastest growing major economy' across the globe. India's GDP at constant price (2011-2012) in the first quarter stood at Rs. 32.38 lakh crore, however still lower than the Rs 35.66 lakh crore seen in the first quarter of 2019-20, signalling that india is yet to emerge from the covid included slump. The construction sector GVA was 68.3% higher than the previous quarter. The services sector grew at 3.7% from the year-ago period. In the previous quarter, india economy has grown by 1.6%.

For the full financial year 2020-21, India' GDP contracted by 7.3%.

A) Mention any two drawbacks of using the above mentioned macroeconomic indicators for understanding economic well- being in any country.

B) discuss whether the growth numbers reported above signify outstanding economic growth in india.

C) if nominal gdp grows by 5% and real gdp by 3%, what will be the change in gdp Deflator? Interpret the result.