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Date: 07/12/2023

Economic activity seen  up at 7.5 pc

India’s economic activity index, as measured by the CareEdge Economic Meter (CEM), grew at a 5-month high of 7.5 per cent in October 2023, as compared to the muted expansion a month ago. This, it said, was supported by increased economic activities led by a festive demand boost. Of the 18 high-frequency indicators that are used in CEM calculation, CareEdge said 9 witnessed a significantly higher annual growth in October compared with a month ago. GST collections in October surged 13.4 per cent on-year to Rs 1.72 trillion, which was the highest growth in the last 10 months, owing to a pick-up in consumption due to the ongoing festive season as well as increased compliance. Further, e-way bill generation jumped to an all-time high of nearly 10 crore in October, recording an annual growth of 30.5 per cent, as per a report.
 
Source: Exim News Service: New Delhi, Dec. 6



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