Key Points
High-frequency data for February released on Friday showed India's economy continues to cruise after posting a better-than-expected 8.4% expansion in the December quarter...
Goods and services tax (GST) collection surged 12.5% to 1.68 lakh crore, auto firms posted their highest monthly sales and manufacturing activity hit a five-month high..
Data released on Thursday showed the economy is likely to expand 7.6% in FY24, higher than 7.3% projected in January...
"Coming on the back of the robust GDP numbers for the third quarter, the impressive GST collection figure is reflecting the broad-based consumption increase across sectors as GST is a consumption tax," said MS Mani, partner, Deloitte India...
Core industries data released Thursday indicated the growth of the infrastructure sector declined to a 15-month low of 3.6% in January compared with 4.9% in the previous month, underlining the possible moderation in the ongoing quarter..
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