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Economics3h 4m ago

India's economy demonstrated robust growth in Q1 FY27, with Goods and Services Tax (GST) collections reaching Rs 1.95 lakh crore in June, a 13.9% increase.

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What
India's economy demonstrated robust growth in Q1 FY27, with Goods and Services Tax (GST) collections reaching Rs 1.95 lakh crore in June, a 13.9% increase.
When
Thu, 02 Jul 2026 00:00:00 GMT · 3h 4m ago
Where
India ·
Why
The growth was driven by strong performance in GST collections, a 24% surge in car sales, and an 11.6% rise in power consumption, indicating economic resilience.
The Frontline Impact

How this affects you

India's economy is showing strong momentum, with potential for monthly GST collections to reach Rs 2 lakh crore, despite global economic challenges.

Story chain

4 events in this thread
  1. Economics1h 33m ago
    India's Goods and Services Tax (GST) collections and the manufacturing Purchasing Managers' Index (PMI) for June indicated a resilient economy.
    Open article
  2. Economics1h 33m ago
    June's Goods and Services Tax (GST) collections and the manufacturing Purchasing Managers' Index (PMI) score indicate the Indian economy performed well against international economic challenges.
    Open article
  3. Currently Reading3h 4m ago
    India's economy demonstrated robust growth in Q1 FY27, with Goods and Services Tax (GST) collections reaching Rs 1.95 lakh crore in June, a 13.9% increase.
  4. Economics3h 4m ago
    India's economy demonstrated robust growth in Q1 FY27, evidenced by a 13.9% increase in GST collections to Rs 1.95 lakh crore in June, a 24% surge in car sales, and an 11.6% rise in power consumption.
    Open article

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