Indian Economy News

October 03, 2025

Beauty, fashion dominate Navratri as D2C sales surge 25%: GoKwik

Beauty and personal care, alongside fashion, drove nearly half of Navratri E-Commerce sales, as festive D2C orders surged 25% YoY with higher-value spending and growing prepaid adoption.

Fuelled by GST rate cuts, car sales hit top gear in festival season

Passenger vehicle wholesales rose 5.4% YoY in September to 3.81 lakh units, driven by festive demand and GST relief, with Maruti, Tata, and M&M leading growth.

September GST collection increases to Rs. 1,89,000 crore (US$ 21.29 billion) vs Rs. 1,86,000 crore (US$ 20.96 billion) in August

India’s gross GST collections rose 9.1% YoY to US$ 21.29 billion in September 2025, driven by higher sales post-GST rate rationalisation, with net revenue at US$ 18.03 billion and refunds stabilising businesses.

India records 358 billionaires, Chairman and Managing Director of Reliance Industries Limited, Mr. Mukesh Ambani, leads with Rs. 9,50,000 crore (US$ 107 billion) wealth

India’s wealth creation continues its rapid ascent, with a record 358 dollar-billionaires and 1,687 individuals worth over US$ 112.7 million.

DPIIT and Thermo Fisher Scientific Sign MoU to Strengthen India’s Biotech Startup Ecosystem

DPIIT partners with Thermo Fisher Scientific to support 500+ biotech startups through mentorship, R&D access, and investor connections, boosting India’s global biotech innovation.

India to become petrochemicals powerhouse with Rs. 3,28,227 crore (US$ 37 billion) capex push: S&P

India is set to become a major global petrochemicals player, investing US$ 37 billion in self-sufficiency and expected to drive a third of global capacity additions by 2030, backed by strong domestic demand.

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