Current Affairs - Economy - Discussion

India’s Goods and Services Tax (GST) revenue grew by 4.6% year-on-year in October 2025, reaching ₹1.96 lakh crore — the highest in five months but marking the slowest growth in over four years. Despite the moderation, revenues remained above ₹1.8 lakh crore for the tenth straight month, reflecting consistent economic activity and strong tax compliance. The slowdown was partly due to the government’s restructuring of GST slabs, which simplified the tax system by reducing higher-rate categories. This reform is expected to stimulate consumption and investment over time, helping sustain fiscal stability and support India’s long-term economic growth trajectory.