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flag India's GST collections hit ₹2.01 lakh crore in May, up 16.4% from last year, signaling economic recovery.

flag India's GST collections for May 2025 reached ₹2.01 lakh crore, a 16.4% increase from May 2024, marking the second consecutive month of collections exceeding ₹2 lakh crore. flag Domestic transactions contributed ₹1.50 lakh crore, a 13.7% rise, while imports saw a 25.2% increase to ₹51,266 crore. flag The net GST revenue after refunds was ₹1.74 lakh crore, up 20.4% year-over-year. flag This growth indicates strong domestic consumption and reflects the country's economic recovery.

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