GDP going down; GST collections going up!

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 Two news items caught my eye today!

On one side, the newspapers claimed that the GST collection has been going up consistently. For the second month in succession it said, the GST collections crossed 1 lakh crores of Indian Rupees! A welcome change from the dreary world of Covid.

Industries seem to show a better turn and therefore, the article claimed the collection of GST has risen gradually and we are almost on par with Nov 2019!

They also say that the increase in GST collections could be because of the festive season. People might have loosened their purse strings during this season to fill their homes with festive goodies. Well, that could explain this month's purchase but then it still cannot be the same as the previous year which did not see Covid!

Maybe, after all, the country is turning up in the V curve!

https://www.thehindu.com/business/Economy/gst-revenue-at-104-lakh-crore-in-november/article33220851.ece?homepage=true

On the other side, another article also caught my eye. 

This said that the GDP of the country continues to fall. S&P, the rating agency, declared that India would be facing not less than, 9% shrinking of GDP.

Well, the word recession sounds like a bad word these days, when it is particularly spoken about our own country. When we talk about others, Japan for instance, we do not hesitate to tell the people that they are in a recession!

It also said that the inflation has not slowed down! The inflation seem to be at or around 5 to 6% while the GDP shrinks by 9%. The result could be pretty devastating to the Indian economic scenario. But nothing untoward is happening any case.

https://www.thehindu.com/business/Economy/sp-still-sees-gdp-shrinking-by-9-in-fy21/article33216188.ece

So the question would be is the country economically growing or slowing?

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