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Aggregate state GST collections growth to moderate to 12-14 per cent in FY24: Crisil

Crisil predicts that the growth in the aggregate GST collection for states will decrease to 12-14% in FY24 from 20% in FY23. Despite the moderation, GST collections will remain the leading driver of revenue growth for states. The resilience of the Indian economy, moderate inflation, and increasing tax compliance will contribute to the GST collections.

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Aggregate state GST collections growth to moderate to 12-14 pc in FY24: Crisil

Aggregate state GST collections growth to moderate to 12-14 pc in FY24: Crisil
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Crisil says aggregate state GST collections growth to moderate to 12-14% in FY24

The growth in aggregate GST collection for states is likely to moderate to 12-14% in FY24 from 20% in FY23, Crisil said Wednesday.

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CRISIL Ratings: Revenue of top 18 states to grow at 6-8% this fiscal

Revenue of top 18 states to grow at 6-8% this fiscal - Rise in GST collections and devolutions from Centre major growth drivers - CRISIL Ratings.

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Indian IT services firms likely to post muted revenue growth in Q4

IT services firms revenue growth in the fourth quarter will be affected by macro-driven headwinds, lower working-days, and the fact of the three-month period being low season. Analysts are expecting FY24 growth to be muted. Revenue growth will decline 600-700 basis points to 10-12 per cent for FY24, said a CRISIL Ratings report. The 10-12 per cent growth rate is a fall from the 18-20 per cent expected in FY23 and around 19 per cent growth in FY22, the highest in eight years, said the CRISIL Ratings report.

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