India's September high-frequency indicators showed resilience: GST collections rose 14.7% year-on-year to Rs 2.04 lakh crore, the HSBC manufacturing PMI rebounded to a seven-month high of 55.1, and average daily UPI transactions crossed 800 million for the first time. Passenger vehicle sales grew at double digits, but two-wheeler and tractor volumes declined, signalling uneven rural demand.
GST, PMI and UPI strengthen in September, auto sales uneven
Source: Moneycontrol