Tag: 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. 

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.

Strong domestic demand and export momentum supported the industry’s biggest annual turnover so far.

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.

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.

This also explains why the rise in forecasts is being read as the result of policy choices, not just luck. Even when West Asia was tense, economic decisions were taken with the expectation that the disruption could last for months, so the response stayed cautious and practical.