Business Standard

Beyond the status quo

Indian economy is in a comfortable position

Photo: Bloomberg
Premium

Photo: Bloomberg

Business Standard Editorial Comment Mumbai

Listen to This Article

The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is meeting for the first time in 2024-25 this week against a favourable economic backdrop. The data released on Monday showed goods and services tax (GST) collection in March, net of refunds, increased 18.4 per cent year-on-year. The year ended with an increase of 13.4 per cent in GST collection. Given the latest available numbers on overall tax collection, the government should be able to meet the revised fiscal-deficit target of 5.8 per cent of gross domestic product (GDP) in 2023-24. The fact that the government has

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 02 2024 | 10:07 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com