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1. What is the year-on-year growth rate of India's Gross Goods and Services Tax (GST) collections in October?
India's GST collections in October surged to Rs 1.87 lakh crore, marking an 8.9% increase year-on-year. This growth is attributed to stronger domestic transactions, with domestic GST revenue growing by 10.6% year-on-year, outpacing the 3.9% growth in GST revenue from imports. The robust collection represents the second-highest level of monthly GST collections since the indirect tax regime's inception in July 2017. This rebound follows a three-year low growth rate in September, indicating a positive trend in the economy.