Tag: Economy
Surge in Ultra-High Income Filers Signals a Shifting Wealth Pattern
The number of income-tax returns reporting gross total income of ₹100 crore or more has surged from 142 in AY 2021-22 to 576 in AY 2025-26, according to data shared in Parliament. While the rise points to stronger economic activity and improved tax compliance, experts caution that annual income figures do not necessarily reflect long-term wealth and can be influenced by one-time events such as asset sales, business exits, or capital gains.
Direct Tax collections rise 16.4% in early FY27, shows healthy growth of Indian economy
Corporate tax, non-corporate tax, and securities transaction tax all show healthy growth as refunds also increase. Direct tax collections have started FY27 on a strong note, giving a clear sign that economic activity is moving at a healthy pace.
First Services Index Report: 14 out of 19 sub-sectors post double digit growth- Hospitality booms
The first monthly Index of Services Production shows a sharp rise in many service areas, while air transport and railways moved in the opposite direction.
Indian auto parts industry sees record growth in FY26, with turnover reaching about ₹7.6 trillion
Strong domestic demand and export momentum supported the industry’s biggest annual turnover so far.
E-way bill generation rises by 14.5% in June, highest in 4 months
E-way bill generation under the Goods and Services Tax (GST) rose 14.5 % year-on-year (Y-o-Y) to a four-month high of 136.77 million in June 2026 from 119.46 million a year earlier.
Faster GST registrations signal real ease for small businesses, highlights how process reforms are working
Simplified rules and automated approvals have driven nearly eight lakh more GST registrations in six months, highlighting how process reforms, not just rate cuts, are bringing informal activity into the formal tax system.