The ASUSE 2025 report by MoSPI highlights robust expansion in India's informal economy, creating 7.45 million jobs. However, it exposes structural challenges like low wages, declining capital investment, and low productivity, perpetuating a "job-heavy, value-light" model.
Click to View MoreIn October 2025, India’s Goods and Services Tax collections reached ₹1,95,936 crore, up 4.6% from the previous year, partly due to festive spending. GST, introduced in 2017, replaced multiple indirect taxes to create a unified system. While industrialized states like Maharashtra, Karnataka, Gujarat, Tamil Nadu, and Haryana contributed over 40% of revenue, 20 states saw declines compared to pre-GST levels. Analysis shows that overall GST revenue remains lower than pre-GST taxes, with states like Mizoram and Nagaland improving collections, while Punjab, Chhattisgarh, Karnataka, Madhya Pradesh, and Odisha experienced significant drops.
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