New Delhi: India recorded its second-highest GST collections in October, reflecting a surge in economic activity. Experts suggest that November’s GST figures, capturing October’s festive transactions, especially in the booming automobile sector, will be key in determining the short-term economic outlook.
The October spike is largely due to increased consumer spending during the festive season, with the automobile industry driving significant growth. November’s data will be crucial in assessing whether this momentum can be sustained in the coming months.
