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Economy News

The Economic Times

Economy / The Economic Times

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Growth engine revving as GST, auto sales rise despite global roadblocks

India's economy shows robust growth in Q1 FY27, with GST collections soaring 13.9% to Rs 1.95 lakh crore in June. Car sales surged 24%, and power consumption rose 11.6%. Despite a dip in manufacturing PMI, strong import revenues and UPI transactions highlight economic resilience. Experts anticipate continued momentum, with potential for monthly GST collections to reach Rs 2 lakh crore.

2 Jul 2026 5:30 am