Current Affairs - Economy - Discussion

In May 2025, India’s gross GST collections reached ₹2.01 lakh crore, marking a significant year-on-year increase. This figure represents a 16.4% rise over the ₹1.72 lakh crore collected in May 2024. The consistent rise in collections, with May being the second consecutive month to surpass the ₹2 lakh crore mark, reflects improved economic activity and compliance under the GST regime. The 16% figure underscores the substantial year-over-year growth and points to strengthening revenue mobilization by the government, which is vital for public spending and economic stability.