India’s GST Collections Surge Past ₹2.11 Lakh Crore in July, Signaling Robust Economic Health
India's Goods and Services Tax collections surged past ₹2.11 lakh crore in July, marking a robust 15.4% year-on-year increase. This strong performance, driven by domestic transactions and imports, signals sustained economic momentum and a healthy…
India’s GST Collections Surge to ₹2.11 Lakh Crore in July, Driven by Robust Imports
India's GST collections soared to ₹2.11 lakh crore in July, marking a 15.4% increase year-on-year. This robust growth was primarily fueled by a 29% jump in Integrated GST on imports, complemented by strong domestic economic activity and higher commodity…
India’s Q1 Fiscal Deficit Nears 18% of Annual Target Amid Subsidy Surge and Modest Tax Growth
India's Q1 fiscal deficit reached 18% of its annual target, primarily driven by a significant surge in fuel and fertilizer subsidies amidst global price volatility. This performance underscores the challenges in balancing expenditure with modest tax…