India’s economic engine roared to life in December 2024, with an astounding $20.66 billion (₹1.72 lakh crore) amassed in Goods and Services Tax (GST) revenues. This exceptional achievement marks a robust 12% year-on-year surge, underscoring the nation’s accelerating growth trajectory and solidifying its fiscal strength.
The collection, fueled by booming sectors like e-commerce, manufacturing, and services, includes ₹29,000 crore from Central GST, ₹36,000 crore from State GST, ₹87,000 crore from Integrated GST, and ₹20,000 crore from cess. The stellar numbers reflect not just increased consumption during the festive season but also the success of government efforts to streamline compliance and curb tax evasion.
States like Maharashtra, Karnataka, and Gujarat stood tall as key contributors, driving India’s tax momentum forward. The sustained upward trend in GST revenues sends a clear message: India’s economy is firing on all cylinders, poised to lead in the global recovery narrative.
With GST collections consistently breaching the ₹1.5 lakh crore mark, December’s milestone serves as a bold statement of resilience and readiness for 2025’s economic challenges and opportunities. India’s fiscal horizon has never looked brighter.
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