New Delhi, May 6 -- Key indicators including Goods and Service Tax (GST) collection, Purchasing Managers Index, export orders and monsoon forecast bode well for India. Is this trend sustainable? Can it push growth? What policy measures are needed? And what can come in the way?

Does data suggest a robust economy?

Yes. A bunch of data released last week indicates an economy that is robust despite global headwinds. Gross GST collections in April at Rs.2.37 trillion was a record, 12.6% more than the same month last year. This indicates that revival in domestic consumption, especially rural demand, is gathering pace. The HSBC India Manufacturing Purchasing Managers' Index (PMI) rose to 58.2, the highest in 10 months. While confirming strong ...