It’s time to raise the ₹1 trillion GST bar for assessing economy

Gross revenues from the goods and services tax (GST) stood at  ₹1.30 trillion in October. This was the fourth straight month when collections from this levy on the consumption of goods and services exceeded  ₹1 trillion—a mark that has inadvertently become the benchmark for GST collections and has stuck for over four years now. The economy is said to be doing well when collecti…