Last week, a lot of good news came on the economic front. The Goods and Services Tax (GST) collection exceeded Rs 1.23 trillion in March 2021, an increase of 27 per cent over March 2020. Exports touched $34 billion last month, powered by robust demand abroad, an increase of 58 per cent year-on-year (YoY).
Imports also rose over $48 billion, an increase of 58 per cent YoY. Auto companies reported over 100 per cent growth in sales over the same month last year. These numbers are impressive despite a very low base of last March when seven days of economic activity was lost due to the lockdown ...
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