Quick Summary
India's economic activity has gathered significant momentum after the recent reduction in the GST, according to the Finance Ministry's latest monthly report released on Thursday. A sharp rise across high-frequency indicators signals stronger consumption, robust production levels and improved tax compliance. Data shows that e-way bill generation surged 14.4% year-on-year during September and October 2025, underscoring heightened goods movement across states. Simultaneously, GST collections gre
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FAQ :
E-way bill generation and the Purchasing Managers' Index (PMI) for both manufacturing and services sectors are key indicators showing increased economic momentum.
E-way bill generation surged by 14.4% year-on-year during September and October 2025.
The Manufacturing PMI rose to 59.2 in October 2025, up from 57.5 in September 2025.
The Finance Ministry attributed the improvement to GST relief measures, higher productivity, and rising investments in automation and technology.
The services economy maintained strong momentum, with the Services PMI standing at 58.9 in October 2025, indicating expansion.
The Finance Ministry stated that the overall economic outlook for the second half of FY26 remains positive, with strengthening consumption, improving compliance, and expanding business activity.
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