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India’s goods and services tax (GST) collections rose 12% to ₹1.5 lakh crore in February from the year earlier, indicating that economic activity remained steady, according to official data released Wednesday.
The global CEO of Decathlon, the world’s biggest sporting goods retailer, said the company is in discussions with the Indian government for allowing it to sell products from rival local and global brands in its stores, in effect operating as a multi-brand retailer.
The government, in the budget unveiled in February, increased its capex, excluding grants to states for capital spending, to ₹10 lakh crore for FY24 from the ₹7.5 lakh crore target set for the ongoing fiscal year.
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