GST collections recover to ₹1.16 lakh crore in July
The Hindu
This ‘clearly indicates that the economy is recovering at a fast pace. The robust GST revenues are likely to continue in the coming months too,’ says the Finance Ministry.
India's gross GST revenues in July recovered sharply to ₹1,16,393 crore, after for the first time in eight months in June. The government called the collections a sign of a rapid economic recovery from the second COVID-19 wave, though economists said they indicate an ‘incomplete’ rebound.
The government forecasts a 7.4% GDP growth for 2025-26, highlighting sector-specific trends and anticipated slowdowns in the second half.
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