In March 2025, GST collections in India reached Rs 1.96 lakh crore, showing a 9.9% year-on-year increase and indicating a strong economic growth trend. Central GST collections were at Rs 38,100 crore, state GST at Rs 49,900 crore, integrated GST at Rs 95,900 crore, and GST cess at Rs 12,300 crore, reflecting wide participation in the GST system. Various states, including Gujarat, saw double-digit growth in collections, while improvements in refund processing and overall tax administration efficiency were evident, showcasing a positive trajectory for India’s taxation system.
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US-India trade war: What triggered Trump's tariff attack on India – key reasons
NEW DELHI: President Trump has imposed a 25% tariff on Indian goods starting August 1, citing India's ongoing purchases of Russian oil as a key factor, which he links to the Ukraine conflict. This tariff escalation follows stalled trade talks and a diplomatic spat regarding PM Modi's dismissal of Trump's claims of mediating between India and Pakistan, suggesting deeper strategic motivations behind the U.S. actions. Want More Context? 🔎
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