NEW DELHI: Union Finance Minister Nirmala Sitharaman on Friday said the Indian economy is on a sustained path of revival and cited rise in GST collections and direct taxes to support her assertion.

She further said that the confidence in the Indian stock market is growing as retail and small investors are keenly investing money in the share market. "I can see very clear signs of revival and good signs of revival. Otherwise, my revenue collection would not be where it is, both the GST and direct taxation," said Sitharaman while replying to a question on whether the economy has come back on track and has picked up pre-pandemic speed. She said the halfy early target has already been achieved in direct taxes. "And GST's collections on an average per month is somewhere in the range of Rs 1.11 lakh crore and Rs 1.12 lakh crore. Probably it can safely be said it will be somewhere in the range of Rs 1.15 lakh crore per month," she disclosed.

“These are not small indicators, these are not some sporadic indicators. They clearly show that the economy is on a sustained path of revival,” she said. From the stock market perspective, she said the market has its own understanding of what it deals with the companies. The Finance Minister said there is transparency in the listing process of companies and related regulations.

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