India’s gross GST collections have doubled in just five years, reaching a historic high of ₹22.8 lakh crore in FY 2024–25, compared to ₹11.37 lakh crore in 2020–21. The average monthly GST collection now stands at ₹1.84 lakh crore, reflecting robust economic activity and improved compliance.
Tag: Indian economy
Indian Funds in Swiss Banks Tripled in 2024, Surging to ₹37,600 Crore
Indian deposits in Swiss banks jumped more than threefold in 2024 to ₹37,600 crore, according to Swiss National Bank data. However, less than 10% belongs to individuals — the surge is largely driven by corporate, institutional, and fiduciary holdings, not black money.
Gold Price in India Crosses ₹1 Lakh per 10 Grams for the First Time
In a historic financial development, gold prices in India have surged past ₹1,00,000 per 10 grams for the first time ever. The rise is fueled by global economic uncertainty, a weakening rupee, and sustained investor demand, sparking both concern and interest among consumers and investors.
