Twin thrusts push Delhi's economy back on track

Delhi’s economy is on the mend after the heavy blow dealt to it by the novel coronavirus pandemic, particularly the lockdown. The revival is due to consistent rise in demand and business activities resuming, leading to a rise in collection across sectors of goods and services tax, state excise, vehicle tax and stamps and registration duty. The largest component of Delhi government’s revenue, state GST, rose steadily in April-July and continues to remain above Rs 1,200 crore every month since August. Since GST is a consumption-based tax, the growth reflects a rise in spending in the capital.

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