India’s GST Revenues Inch Up Despite Sweeping Tax Cuts, But Weakness Appears Across Key Sectors

India collected 1.70 trillion rupees ($18.98 billion) in gross GST revenues in November, rising just 0.7% from a year earlier, even as cess-inclusive revenues fell 4.2%. The softer showing suggests that large parts of the economy have not fully absorbed the impact of the government’s September 22 tax cuts on hundreds of goods, particularly in

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