TMSEp185: Economic revival, Ronojoy Dutta, IndiGo & SpiceJet, windfall tax
The central government mopped up Rs 1.41 trillion as Goods and Services Tax collection in the month of May — a dip of 16% from the record-high numbers of April, but way above the FY 22 average of Rs 1.23 trillion. And hours before the government made the GST numbers public on Wednesday, the auto companies had also come out with their monthly dispatch figures, reporting improved sales in May. So do these numbers suggest that the Indian economy is finally reviving after the shock delivered by pandemic? An increase in the revenue of airlines also signals economic recovery. India’s largest airline, Indigo, has reported a 29% jump in its revenue in the March quarter. But it was overshadowed by high fuel prices, pushing the low cost carrier into losses. In an interview with Business Standard’s Aneesh Phadnis and Arindam Majumder, the airline’s CEO Ronojoy Dutta tells about…
