India’s Goods and Services Tax (GST) collections surged to a record Rs 2.37 lakh crore in April, marking a 12.6% year-on-year increase, according to recent government figures.

The sharp rise is attributed to strong underlying economic activity and year-end account reconciliations by businesses. Revenue growth was driven by both domestic transactions and imports, while increased refunds provided relief to businesses by easing working capital pressures.

Despite global economic headwinds, India’s fiscal outlook remains resilient, with the record GST haul highlighting the strength and momentum of the country’s economic recovery.