India's GST Collections Rise by 15% Yo-Y in November - Is it a Signal for Robust Economic Growth?

Greetings from Groww Mutual Fund (formerly known as Indiabulls Mutual Fund). Our primary goal is to bring you carefully curated funds that may help you achieve your financial goals. However, that’s not all - we are also on a mission to create a financially educated India.

According to a report released by the GST Council, GST collections in India grew by almost 15% year-on-year in November!

So, what does this mean for our economy?

:white_check_mark: Increased business activity & consumer spending

:white_check_mark: A seemingly healthy & growing economy

:white_check_mark: Better tax administration

All of these combined could infer a positive outlook for India’s economy :rocket:

In what way do you think the increase in GST collection will help our economy? Let us know in the thread.

Disclaimer: Views expressed herein are for educational purposes only.

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@Groww_Mutual_Fund it is not like that , most of the product price are increseed from 10% to 20% - because of that only GST increased - there is nothing special

Most nessery baby milk products is Nestle lactogen - in 2022 january the price is 320 ruppes , now its cost 445 ruppes

per egg in 2022 is 3.5 ruppes - now its cost 6 ruppes

petrol is 90 average to 103

goverment is sucking indian people blood through tax - every where TAX -
India is not rich country - most of them are poor and middle class people are not came up in his life and financially not fit - because of indirect tax is heavy in india
But the salary or not increased

Dont advertise or happy about GST collection incresed - there is lot of factor is inside
All govt data is not accurate
Most of the tax increse is about product price increased - people are suffering this inflation in india

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