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Economy

Goods and Services Tax

♦ India’s gross Goods and Services Tax (GST) collection for 2025 June stood at Rs.1.85 lakh crore.

♦ Gross GST collections stood at Rs.1.73 lakh crore in June 2024.

♦ In comparison, the revenue in April 2025 had touched a record Rs.2.37 lakh crore, while May’s mop-up was Rs.2.01 lakh crore.

♦ As per the official statement, the components of the Rs.1.84 lakh crore collected in June 2025 include:

Central GST (CGST): Rs.34,558 crore

State GST (SGST): Rs.43,268 crore

Integrated GST (IGST): Rs.93,280 crore

GST Cess: Rs.13,491 crore

Posted Date: July 1, 2025

Economy

Confederation of Indian Industry

♦ The Confederation of Indian Industry (CII) has projected India’s real GDP growth to remain in the range of 6.4% to 6.7% in the financial year 2025-26.

♦ CII said that India must anchor its growth in competitiveness, driven by scale, productivity, innovation and resilience, especially at a time when global trade and technology dynamics are changing rapidly.

♦ Highlighting India’s energy transition goals, CII called for sector-specific strategies, including for mobility, and advocated the proactive creation of Green Hydrogen and Renewable Energy hubs.

♦ The industry body also plans to launch a dedicated Mission on Energy Transition to encourage industries to shift towards low-carbon alternatives.

Posted Date: July 3, 2025

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