India's GST collections rose 14.7% in September; manufacturing PMI hit a seven-month high

The Economic Times reports that India's September GST collections rose 14.7% year-on-year to ₹2.04 lakh crore, while the HSBC manufacturing PMI climbed to 55.1, a seven-month high. Car sales were estimated to have risen 21% year-on-year as automakers increased dispatches for anticipated festive demand. Tax experts cautioned that import-linked revenue contributed substantially to the GST increase, so the headline figure should not be read entirely as evidence of stronger domestic consumption.