A resounding majority of India Inc have reported a positive and neutral experience with Goods and Services Tax (GST) with digitisation and rate rationalisation emerging as key factors benefiting businesses, but flagged concerns in delays in refund and audit related issues, a Deloitte India survey said on Tuesday.
Released ahead of GST completing 9 years on July 1, Deloitte India's GST@9 survey called for the next phase of reform to move beyond digitalisation to an AI-driven compliance and data-led dispute reduction.
The survey, based on 1,096 responses from leaders across eight industries, including MSMEs, showed increased stakeholder confidence with a "near universal acceptance", with 99 per cent positive and neutral sentiment, and with negative perception of less than 1 per cent.
GST, which subsumed 17 local taxes and 13 cesses, was rolled out on July 1, 2017. The GST taxpayer base has grown from 66.5 lakh in 2017 to about 1.65 crore in 2026.
The Deloitte India survey outlined th

India Inc

Deloitte India's GST@9 survey called for the next phase of reform to move beyond digitalisation to an AI-driven compliance and data-led dispute reduction

Press Trust of India

The move is designed to bolster production of Indian rockets as the country seeks to become a hub for small satellite launches

EOS 09, PSLV C61, Rocket, EOS

Bloomberg

New-age players lean on design, storytelling, and direct consumer engagement

Sari brands, Saree

Business Standard

The Indian Cyber Crime Coordination Centre (I4C) has warned of a sophisticated fraud campaign, "Boss Scam", targeting corporate leaders by compromising the devices of senior executives and their messaging accounts, before directing employees to make fraudulent financial transfers.
In a carefully calibrated deception, scammers contact chief executives or other high-ranking officials via email and WhatsApp, posing as regulators from the Reserve Bank of India, threatening the victim with violations, urgent deficiencies and directing immediate action, creating a climate of manufactured pressure.
The hackers unload their malware onto the devices used by the senior corporate leaders in the form of a compressed ZIP archive containing an executable program accompanied by a Dynamic Link Library file.
"When the executive extracts and executes the file on a Windows desktop or laptop, a Trojan dropper is initiated. The malware establishes a persistent foothold, compromises the system, and hijac

digital infrastructure, Cyberattacks, Pahalgam attack, terrorist attacks, central government, Meity

The hackers unload their malware onto the devices used by the senior corporate leaders in the form of a compressed ZIP archive containing an executable program

Uttar Pradesh aims to attract ₹4.9 trillion in investments and emerge as a major data centre hub, backed by AI-focused, green digital infrastructure

data centre, AI

India emerged as the world's leading ship recycling nation in 2025, aided by policy reforms, yard modernisation and measures to strengthen the domestic ecosystem

ship recycle

The programme is being implemented in partnership with technology firm Flock Energy, which provides the ADR platform

power

Seeks use of average forex rate for DVA calculations

Automakers

India's ethanol shift promises lower imports and support for farmers, but older vehicles and the informal repair network may carry the first consumer-level costs in coming years

While ethanol production capacity has rapidly expanded to around 19-19.9 billion litres per year, demand for E20 blended fuel is estimated at only about 11 billion litres in the current ethanol year that began last November

Domestic automakers Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles are looking to tap opportunities in the electric car segment in the UK, as India's free trade pact with the country will allow duty-free exports for specified price segments under a quota system.
As per the India-UK CETA document, released last week, India will get access to the UK's electric, hybrid/hydrogen passenger cars segment, with duty-free exports to that country from the sixth year in the price segment ranging from under GBP 20,000 to 80,000, with the total quota reaching a peak of 88,000 units from the 15th year and continuing in the subsequent years.
The free trade agreement (FTA) between the two countries, which is expected to help double two-way commerce to USD 100 billion by 2030, will come into force on July 15.
"The India-UK FTA is a positive development that could create new opportunities for India-manufactured electric vehicles," M&M Ltd President, Automotive Business, ..

Ministry of Heavy Industries, EV charging stations, Electric Vehicles, EV market, automobile industry

The free trade agreement (FTA) between the two countries, which is expected to help double two-way commerce to $ 100 billion by 2030, will come into force on July 15

The Indian two-wheeler industry will witness moderate wholesale volume growth of 3-5 per cent in FY27, as the sector could face challenges from a high base effect, a potentially weak monsoon due to El Nino, and inflation-led vehicle price increases, ratings agency ICRA said on Friday.
The country's two-wheeler industry continues to demonstrate resilience, supported by improving domestic demand, healthy retail momentum, and sustained export growth, ICRA said in its latest sector update.
The growth is expected to remain supported by improved affordability arising from GST rationalisation and replacement demand.
Yet, ICRA said, "The sector could face challenges from a high base effect, a potentially weak monsoon due to El Nino, and inflation-led vehicle price increases."
Despite supportive domestic demand drivers, geopolitical tensions in West Asia remain a key monitorable, as any escalation could disrupt supply chains and impact industry cost structures, it added.
Domestic wholesale

Two-wheeler industry to see moderate growth at 3-5% in FY27: Icra

The growth is expected to remain supported by improved affordability arising from GST rationalisation and replacement demand

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

Non-food bank credit rose 17.4 per cent year-on-year in May, outpacing growth in non-bank funding and lifting total credit to the commercial sector

banking, banks

Sanjay Malhotra says financial institutions should leverage ULI, Account Aggregator and other digital platforms to build a more inclusive MSME credit ecosystem

RBI Governor Sanjay Malhotra

The RBI's Supervisory Data Quality Index for scheduled commercial banks eased to 90.7 in March 2026, with declines in accuracy and timeliness offset partly by gains elsewhere

RBI, reserve bank of india

India's microfinance sector is seeing early revival signs as lenders prioritise asset quality and portfolio consolidation over aggressive loan growth after two years of slowdown

Microfinance, mutual fund

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