This document summarizes key fiscal and economic developments in India in 2020-21. It notes that monthly GST collections have reached their highest levels since the introduction of GST. Merchandise exports contracted by 15.7% in April-December 2020 compared to the same period the previous year, with petroleum, oil and lubricants exports contributing negatively. Rural-urban differences in consumer price inflation declined, with food inflation converging. The share of agriculture in India's gross value added at current prices was 17.8% for 2019-20. The document is ready to answer questions on these topics. It provides references to the Indian economic survey and other sources for more details.