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Economics3h 0m 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.

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India

Who
Experts
What
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.
When
Thu, 02 Jul 2026 00:00:00 GMT · 3h 0m ago
Where
India ·
Why
Strong import revenues and UPI transactions contributed to economic resilience despite a dip in manufacturing PMI and global roadblocks.
The Frontline Impact

How this affects you

India's economy is showing resilience and continued momentum, with potential for monthly GST collections to reach Rs 2 lakh crore, indicating sustained economic activity.

Story chain

4 events in this thread
  1. Economics1h 30m 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 30m 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. Economics3h 0m 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.
    Open article
  4. Currently Reading3h 0m 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.

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