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India's GST Growth Slumps; INR1 Trillion Job Scheme Launched

7/5/2025

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Summary

Story summary

India's GST collection growth has hit a low of 6.2% in June, the weakest since June 2021, driven by falling domestic and import tax revenues. Meanwhile, investment proposals plummeted to a five-year low. In a bid to combat unemployment, the government greenlit a INR1 trillion scheme aimed at generating over 35 million jobs, even as Ola Electric's market share took a significant hit.

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Story summary

India's GST collection growth has hit a low of 6.2% in June, the weakest since June 2021, driven by falling domestic and import tax revenues. Meanwhile, investment proposals plummeted to a five-year low. In a bid to combat unemployment, the government greenlit a INR1 trillion scheme aimed at generating over 35 million jobs, even as Ola Electric's market share took a significant hit.