In Python, exceptions are a way to handle errors and exceptional situations that may occur during the execution of a program. When an error occurs, an exception is raised, and if it is not handled, it can cause the program to terminate abruptly.
Exception handling allows you to catch and handle these exceptions gracefully, providing a way to recover from errors or take appropriate actions.
You can also include an optional else block that executes if no exception is raised inside the try block, and a finally block that always executes regardless of whether an exception occurred or not.
The finally block is often used for releasing resources or performing cleanup operations, such as closing files or database connections.