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Searched Tag: consumption driven growth

On September 22, the Centre had implemented its ambitious GST rate-cut regime, which slashed GST on most goods, especially essentials, from 18 per cent to 5 per cent and did away with two tax slabs of 12 per cent and 24 per cent

India Q2 GDP at 7.5 pc backed by GST rate cut: Report

November 18, 2025, 12:34 PM - 3 min read

Analysis by the State Bank of India (SBI) Research says the gross domestic GST collections might total around ₹1.49 lakh crore for November 2025 (including returns of October 2025, but filed in November 2025), which projects a Y-o-Y growth pf 6.8 per cent

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As more essential items become cheaper, there is increased demand expected in the retail, micro, small and medium enterprises (MSMEs), as well as the agricultural sectors, said Ajay Kumar Srivastava, Managing Director and CEO, Indian Overseas Bank (IOB).

GST revamp will lead to better cash flow, overall growth: IOB CEO

September 7, 2025, 02:22 PM - 2 min read

Indian Overseas Bank MD and CEO, Ajay Kumar Srivastava, has said the recent restructuring of the country’s Goods and Services Tax system will make taxation more transparent and boost consumption in the rural markets

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