Record GST Collections and the Import-Domestic Growth Divergence
India’s Goods and Services Tax (GST) revenue hit an all-time high of ₹2.43 lakh crore in April 2026, marking an 8.7% year-on-year growth despite global geopolitical headwinds and the West Asia crisis. Key Points The “K-Shaped” Consumption Recovery The divergence between record GST (driven by imports) and “soft” domestic consumption (only 4.3% growth) points to […]
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