India's economy ended the first quarter of FY27 on a strong footing with various high-frequency indicators showing robust growth in June, reflecting resilience despite the West Asia war and other external headwinds. Gross goods and services tax (GST) collections rose 13.9% to Rs 1.95 lakh crore in June from the year before, closer to the Rs 2 lakh crore milestone, led by robust import-led revenues and higher compliance. Car sales grew 24% in June from a year earlier, and power consumption rose 11.6% to 166.5 billion units.