India February GST revenue up 7.9 percent to 1.61 trillion
India collected 1.61 trillion rupees in goods and services tax in February, a 7.9 percent increase from last year. The government released the data today.
Xurve View
Xurve View
The government of India announced on Sunday that goods and services tax (GST) collections for February reached 1.61 trillion rupees ($17.68 billion). This figure represents a 7.9% increase over the same month in the previous year, signaling continued economic growth.
The total collection was calculated based on an exchange rate of 91.0460 Indian rupees per U.S. dollar. The rise in tax revenue highlights the resilience of domestic consumption and the ongoing effectiveness of the national tax system.
