New Delhi, July 5 -- GST collection growth slumped in June due to reduced mop-up from domestic and imported items, while investment appetite clocked its worse April-June performance in several years. Meanwhile, the central government has approved a scheme to support employment generation in the country.

Growth in India's goods and services tax (GST) collections slumped to 6.2% year-on-year in June, the slowest pace since June 2021, according to the latest data from the finance ministry. This follows strong performances in April and May, which saw growth of 12.6% and 16.4%, respectively.

The moderation stemmed from a sharp dip in tax collections from both domestic transactions and imports. Net GST revenue, after adjusting for refunds and...