India's October Net Goods and Services Tax Collection Rises 25.6% Year-on-Year to 2.03 Trillion Rupees
NEW DELHI — India collected 2.03 trillion rupees (about $21.40 billion) as net goods and services tax in October, an increase of 25.6% year-on-year, according to a government statement published on Sunday, November 1.
Gross October goods and services tax collection stood at 2.31 trillion rupees, up 22.9%, the statement said. The published exchange rate was 94.8551 Indian rupees to $1.
The goods and services tax is India's nationwide tax on goods and services, and its monthly collections are widely watched as an indicator of domestic consumption and economic activity. The October figures are the latest monthly tax data published in India's current fiscal year.
Source: Reuters, November 1, 2026, citing the Indian government statement.
Source: GSM · USA (original Chinese edition)
Photo: 印度新德里秘书处大楼北楼（资料图），印度财政部设于该楼。Kuldeep Maruvada 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / The North Block of the Secretariat Building in New Delhi, home to India's Ministry of Finance (file photo). Photo by Kuldeep Maruvada, CC BY-SA 4.0, via Wikimedia Commons.
