India’s Goods and Services Tax (GST) collections grew 4.6% year-on-year to ₹1.96 trillion in October 2025, reflecting strong domestic demand despite the recent tax cuts announced by the GST Council. This moderate growth indicates resilience in consumption, especially during the festive season. Festive Demand Fuels Collection Growth The finance ministry…
Tag: #EconomicGrowth
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Indian Households Pile on Debt Faster Than Assets: RBI Data
New Delhi: Reserve Bank of India (RBI) data show Indian households have been accumulating financial liabilities far faster than financial assets since 2019-20. Between 2019 and 2025, fresh financial assets added annually rose by 48%, while new household liabilities surged by 102% a divergence that carries implications for savings behaviour,…
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Manufacturing Drives India’s 4% Growth in Sept
India’s Index of Industrial Production (IIP) registered a steady 4.0% year-on-year growth in September 2025, according to the latest data released by the Ministry of Statistics and Programme Implementation (MOSPI). The growth was largely driven by a robust performance in the manufacturing sector, which recorded a 4.8% expansion, while mining…
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India-US Trade Deal “Very Near”; Few Issues Remain: Official
New Delhi: Economic ties between India and the United States are on the cusp of a breakthrough as officials from both countries say a long-pending bilateral trade deal is “very near” conclusion. An unnamed government official told reporters on 24 October 2025 that both sides are now “converging on most…
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“Mining Reforms: Timelines for Mineral Blocks”
New Delhi: The Ministry of Mines has announced a significant amendment to the Mineral (Auction) Rules, 2015 to fast-track operationalisation of auctioned mineral blocks. The new rules introduce intermediary timelines for key activities from issuance of the Letter of Intent (LoI) to execution of the mining lease, aiming to ensure…
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GST Bachat Utsav 2025: Historic Relief & Economic Growth
New Delhi, 19 October 2025 — Union Ministers Smt. Nirmala Sitharaman, Shri Piyush Goyal, and Shri Ashwini Vaishnaw today held a joint press conference to highlight the impact of the Next-Gen GST reforms during the GST Bachat Utsav. The Ministers emphasized that these reforms have already delivered substantial relief to…
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GST Boosts Chhattisgarh Growth Across Cement Handloom & Dairy
Chhattisgarh is witnessing a surge in economic growth as recent GST reforms lower rates across key sectors including cement, handlooms, handicrafts, and dairy. These measures are reducing production costs, boosting consumer demand, creating thousands of jobs, and empowering women-led rural enterprises, driving inclusive development across the state. Cement Industry Sees…
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NITI Aayog Releases Q4 Trade Watch Report
New Delhi, October 7, 2025: NITI Aayog has released the fourth edition of its Trade Watch Quarterly report for Q4 of FY 2024–25, offering a detailed analysis of India’s trade trends and sectoral performance. The report, unveiled by CEO Shri B.V.R. Subrahmanyam in New Delhi, highlights steady growth in total…
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GST 2.0 to Return ₹2 Lakh Cr to Public: FM
Madurai, Tamil Nadu: Union Finance Minister Nirmala Sitharaman has announced that the upcoming GST 2.0 reforms, set to come into effect from September 22, 2025, will put nearly ₹2 lakh crore directly into the hands of the public, boosting domestic consumption and supporting economic growth. Addressing the 80th anniversary of…
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Piyush Goyal to Visit Washington for India-US Trade Talks
India and the United States are once again pushing forward on stalled trade talks, with Commerce and Industry Minister Piyush Goyal expected to visit Washington in the coming days. The move follows fresh momentum in negotiations after a senior US delegation visited New Delhi on September 16 for intensive discussions…