Top headlines: May GST revenues up 44%; Manufacturing PMI steadies in May

India's manufacturing sector growth steadied in May on the back of rising international orders despite an increase in prices.

GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase

Goods and services tax (GST) collections slipped below the Rs 1.5 trillion mark in May. India saw gross GST collections of Rs 1.41 trillion during the month.

However, the collections in May are 44 per cent higher than the same month in 2021.

In April, GST collections had touched a record high of Rs 1.68 trillion, surpassing the Rs 1.5-trillion mark for the first time. Read more

Manufacturing PMI steadies in May on increased orders despite inflation

India’s manufacturing sector growth steadied in May