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The last few days have shown just what a roller coaster of a ride India’s economic data can take. Last Friday’s robust Q2 GDP growth, a six-quarter high of 8.2%, lifted the government’s mood and brought cheer to its supporters. The relatively low nominal growth rate and grade by the IMF did little to dampen…
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GST collections have breached the Rs 2 lakh crore mark for the first time in April this year. New Delhi: Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said…
Read More “GST Revenues Hit Record Rs 2.10 Lakh Crore In April. Here’s What Led To It” »
Image used for representational purposes only. | Photo Credit: Special Arrangement India’s gross revenues from the Goods and Services Tax (GST) hit a three-month high to cross ₹1.65 lakh crore in July. However, at 10.8%, it was the slowest uptick in collections since July 2021 compared to revenues from the same month last year. Revenues…
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