{
  "id": 11324304,
  "title": "Macro data signals growth: Sept GST jumps 14.7%; auto, UPI, PE-VC stay strong",
  "url": "https://urgent.news/2026/10/02/macro-data-signals-growth-sept-gst-jumps-14-7-auto-upi-pe-vc-stay",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T00:54:14.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/macro-data-shows-economy-on-growth-path/articleshow/134629904.cms"
  },
  "original_language": "en",
  "account": "In September, India's gross domestic product (GDP) growth surged by 14.7%, reaching over Rs 2 lakh crore, according to official data released after analyzing August transactions. This growth was primarily driven by a 26% increase in integrated GST on imported goods, which reached Rs 65,525 crore, amid higher commodity prices and a weaker rupee. Domestic GST collections also experienced double-digit growth, totaling Rs 1,37,996 crore. Net collections rose by 18% to Rs 1,76,520 crore, as total refunds declined by 3%.\n\nThe surge in GST collections is anticipated to continue during the festival season, which typically boosts consumption across various product categories. According to MS Mani, a partner at Deloitte, robust GST collections could lead to surpassing the annual target for the current fiscal year.\n\nMeanwhile, the automotive sector witnessed momentum, with the top five car manufacturers reporting double-digit growth in domestic passenger vehicle dispatches to dealers in September. Maruti Suzuki led the pack with nearly 37% growth, while Kia recorded the fastest increase at 41%. Utility vehicles powered much of this expansion, with sales soaring 62% to 78,911 units, accounting for more than three-fifths of the additional volumes compared to the previous September. Tata Motors, Mahindra, and Hyundai also reported growth in domestic passenger vehicle volumes, with Tata Motors' electric vehicle sales, including exports, increasing by 67% to 15,384 units.\n\nDigital payment activities remained strong in September, with daily UPI volumes rising to Rs 97,913 crore from Rs 96,205 crore in August. Despite a decrease in the number of transaction days, the monthly UPI transaction value increased to Rs 29.4 lakh crore from Rs 29.8 lakh crore. IMPS value also grew to Rs 23,530 crore from Rs 22,701 crore, with daily UPI transactions increasing to 80.2 crore from 79.1 crore. In the first nine months of the year, private equity and venture capital (PE-VC) investments grew by 21%, reaching $31.7 billion, up from $26.2 billion in the same period last year. This growth was fueled by $6 billion of investments in September, including 12 mega deals totaling $5 billion.",
  "summary": "GST collections rise 15%, dispatches from top 5 car companies grow in double-digit",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}