Page 36 - NIS English 1-15 June, 2026

Cover Story

Years
of Vikas Yatra

2.43
701 n Next-gen GST has simplified tax- lakh crore
ation and expanded the taxpayer
base to 1.5 crore, resulting in a
GST collection of ₹2.36 lakh

the GST
billion dollars crore in April 2025. rupees were
collections
recorded in
was India’s foreign exchange reserve in January 2026, April 2026.
compared to 668.3 billion dollars in March 2025.

Now, money will be saved for
additional expenses
12.75 lakh rupee annual income under
the new tax regime is now exempt
from income tax, leaving people
with more money to spend.

10.9%

is the estimated tax revenue-to-GDP ratio for
2026-27, slightly higher than the revised estimate
of 10.8% for 2025-26.

New Jobs Driving Growth
and Prosperity

n India’s declining unemployment rate reflects the
underlying strength of its economic momentum.
Trust in the
government grows... n The 2025 PLFS survey indicates a significant decline
Number of Income in unemployment, alongside a notable improvement
in both the participation rate and the worker-
Crores Crores Tax Returns Filed n In November 2025, the unemployment rate for
population ratio.
Doubles

3.3 9.19 individuals aged 15 years and above dropped to 4.8
percent, down from 5.4 percent in October 2025.
n This marks the lowest level recorded since April
2013-14 2024-25 2025 (5.1 percent).

28 lakh crore rupees+ was

the gross direct tax
collection in 2025-26.

34 NEW INDIA SAMACHAR || June 1-15, 2026