The Finance Ministry has stated that recent Goods and Services Tax (GST) rate cuts have provided a significant boost to India’s economic activity, with multiple high-frequency indicators reflecting stronger momentum across sectors.
According to the Monthly Economic Review (October 2025) released by the Department of Economic Affairs, E-way bill generation expanded by 14.4 percent year-on-year during September and October 2025, signaling increased movement of goods across the country. At the same time, cumulative GST collections grew by 9 percent between April and October 2025, underscoring resilient revenue streams supported by firm consumption and improved compliance.
The report highlighted that the manufacturing sector continued to show improvement in October, with industrial output and capacity utilization rising steadily. The services sector also recorded robust activity, aided by festive demand and higher consumer spending.
