Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 2)
2.
What was the percentage increase in India’s GST collections in July 2025 compared to the previous year?
Answer: Option
Explanation:
In July 2025, India’s GST collections reached ₹1.96 lakh crore, reflecting a 7.5% increase from the same month in the previous year. This growth was primarily driven by strong performance in both imports and domestic transactions. Although the net revenue growth was only 1.7% due to a surge in refunds, the gross collection increase remained significant. The 7.5% rise highlights the continued resilience of the economy in terms of tax compliance and consumption patterns. This figure does not represent regional or net growth numbers, which are often impacted by other variables like refunds or state-specific performance.
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