After a slump in our Economy's GDP, the data releases indicate that the economic momentum is improving on the back of the lifting of the lockdown, RBI's Liquidity infusion, fiscal stimulus and recovery in global trade. Although the third quarter has been witnessing a spike in cases in some areas, but its effect is not being felt in the Economic Data Releases for the same.
There has been a robust recover in GST collection at Rs 954.9bn, the Gross GST collection for Sep’20 was 4% higher than Sep’19 and 10.4% above the Aug’20 level. This compared to the shortfall of...Read More