Much of the recent data has raised hopes of economic revival, but deeper analysis shows that there is a long way to go for the economy to get back to health. It is true that goods and services tax (GST) collection was not only the highest in seven months at over Rs 95,000 crore in September but also higher by 4 per cent over the mop-up in the same month last year.
Similar was the case with exports, which rose 5 per cent in September year-on-year, representing first growth in outbound shipment in seven months. The other indicators such as fertiliser sales, the ...
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