Gross GST collection rose 4.6 per cent year-on-year to Rs 1.96 lakh crore in October, driven by festive season demand despite rate cuts on 375 items. Domestic GST revenue grew 2 per cent, while imports contributed a 13 per cent surge in tax inflow
Telangana returned to deflation in September, with retail prices falling 0.15%, the third such instance in four months. Economists warn the trend reflects weak consumption, sluggish rural demand, and could impact business investment, jobs, and state revenue.
Despite the global shift towards SUVs, hatchbacks will remain relevant in India’s auto market. FADA believes GST cuts and affordability will boost small car sales, while competition keeps the segment alive, even as SUVs dominate evolving consumer preferences
While the sweeping reduction of GST rates is a welcome move, the Centre must also address the legitimate concerns of the States over the potential revenue losses
