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India's GST collections surge in January 2025: gross up 12.3%, net rises 10.9%: NCAER report

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GST collections showed strong growth in January 2025, with a 12.3% increase in gross and 10.9% in net collections. Manufacturing PMI rose to 57.7, indicating expansion, while services PMI stayed high at 56.5. Inflation moderated to 4.3%, providing more policy space. However, bank credit growth slowed, and there was a continued outflow of FII flows.