Welcome to the eighth edition of Devmantra Times for the month of October 2021.
Economy & Covid
Nearly three-fourths of Indian adults could receive their second vaccine shot by the end of 2021 if the average 7.9 million doses a day recorded between September 1-30 is maintained. Based on this and healthy advance estimates of kharif (summer) crop and faster government spending, ICRA has revised the estimated growth rate of Indian Economy from 8.5% to 9%.Goods and Services Tax (GST) collections hit a five-month high in September, merchandise exports grew a robust 21.4% in the month from a year ago and a private tracker showed that manufacturing activity accelerated – all pointing to strengthening economic recovery as the pandemic eases. The GST collection for September stood at Rs 1.17 lakh crore, the highest since April and 23% higher than Rs 95,480 crore in the year earlier year.
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