UPSC Current – Economy recovering faster than expected

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Economy Recovering Faster Than Expected

Why in News?

The economy is coming back on track sooner than expected as said by Union Minister of Information Broadcasting Prakash Javadekar.

 Main pointers

• The October data has shown 1.05 Lac crore GST collection.
• This collection is 10% higher than the GST collected last year October.
• The power demand is also increased by 12% which also is an indication of returning to normalcy.