India’s GST collections jumped 14.7% to Rs 2.1 lakh crore in September, with a 26% climb in integrated GST on imports, the Centre for GST’s latest data shows.
Automakers reported double‑digit growth in domestic passenger‑vehicle dispatches, with Maruti Suzuki up 37% and Kia up 41%, while Tata Motors’ electric‑vehicle sales surged 67% to 15,384 units.
Digital payments held steady, with daily UPI value rising to Rs 97.9 crore and IMPS value to Rs 23.5 crore, even as monthly transaction counts slipped due to September’s shorter month.
Private‑equity and venture‑capital deals surged 21% year‑on‑year, reaching $31.7 billion in the first nine months, with September alone accounting for $6 billion in mega deals, according to Venture Intelligence.
State‑level growth varied, with Gujarat, Telangana, Karnataka and UP posting 17%, 18%, 12% and 11% rises respectively, underscoring regional disparities in tax collection.
Analysts expect the economic surge to continue through the festival season, potentially pushing total net collections beyond the ₹1.76 lakh crore target and strengthening the fiscal outlook.