• Mitali Bhavik Mehta

This study examines how India’s Goods and Services Tax (GST) has influenced fiscal consolidation and economic performance using secondary data for FY2021–22 to FY2024–25, with FY2020–21 and pre-GST references for context. We construct a macro-fiscal dashboard (gross GST, nominal/real GDP, fiscal deficit, implied buoyancy) and apply descriptive statistics with simple association checks. The data show gross GST collections rising from ₹11.37 lakh crore in FY2020–21 to ₹22.08 lakh crore in FY2024–25 alongside a narrowing Union fiscal deficit from 9.2% to 4.8% of GDP, indicating revenue-led consolidation (implied buoyancy >1 in FY2021–22 and FY2022–23; ~1 thereafter). Real GDP growth followed a rebound-to-normalisation path—8.7% (FY2021–22), 7.6% (FY2022–23), 9.2% (FY2023–24), moderating to 6.5% (FY2024–25). Sectorally, FY2024–25 GVA growth was strongest in construction (9.4%), followed by manufacturing (7.7%) and financial/real-estate/professional services (7.2%), with trade-hotels-transport-communications at 6.4%. Overall, the evidence suggests GST has matured from initial post-pandemic buoyancy to a steadier phase, supporting consolidation while remaining broadly growth-neutral to supportive through improved compliance and a unified market architecture.

"GST Influence on Fiscal Policies and Economic Performance in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 9, page no.c435-c444, September-2025, Available :http://www.jetir.org/papers/JETIR2509252.pdf

"GST Influence on Fiscal Policies and Economic Performance in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 9, page no. ppc435-c444, September-2025, Available at : http://www.jetir.org/papers/JETIR2509252.pdf