New Delhi, June 1: Taxable supplies from goods and services sectors registered a sharp increase of around 27 per cent in the early part of FY27, indicating continued momentum in economic activity and broad-based growth across key industries.
According to initial estimates, the rise reflects stronger demand conditions, improved business activity, and steady expansion in both manufacturing and services segments. The uptick suggests sustained recovery and resilience in the economy despite global uncertainties.
Officials tracking the data noted that the growth in taxable supply has been supported by higher consumption, increased production levels, and improved compliance trends under the indirect tax system.
The goods sector witnessed steady expansion driven by manufacturing output and supply chain normalisation, while the services sector continued to benefit from strong performance in areas such as trade, logistics, digital services, and financial activities.
Economists said the early FY27 figures point towards continued economic momentum, with domestic demand playing a key role in driving growth. They added that stable macroeconomic conditions and ongoing reforms have helped support business confidence.
The trend is also expected to reflect positively in indirect tax collections in the coming months, provided current growth conditions are sustained.