GST, PMI and UPI strengthen in September, but auto sales show pockets of weakness
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India’s high-frequency indicators ended the second quarter of FY27 on a firmer footing.
- ✓GST collections rose 14.7 percent to Rs 2.04 lakh crore in September, while manufacturing activity rebounded.
- ✓However, automobile sales showed a mixed picture as rural-facing segments struggled, showing that the overall economic recovery remains quite uneven today.
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
India's high-frequency indicators ended the second quarter of FY27 on a firmer footing, with tax collections, manufacturing activity and digital payments showing strength in September, although automobile sales pointed to a widening divergence between passenger vehicles and rural-facing segments. Gross Goods and Services Tax (GST) collections rose 14.7 percent year-on-year (y-o-y) to Rs 2.04 lakh crore in September, staying above the Rs 2-lakh-crore mark for the third consecutive month.
Growth also picked up marginally from 14.3 percent in August. Manufacturing activity, meanwhile, rebounded sharply from a five-year low, while average daily Unified Payments Interface (UPI) transactions crossed 800 million for the first time. Automobile sales presented a more mixed picture.
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