GST mopup point to India's resilient economy in Q4 India's economy started the fourth quarter on a strong note, National Council of Applied Economic Research (NCAER) said in its monthly economic review. NCAER noted that high frequency indicator

like Purchasing Managers' Index and Goods and Services Tax collection indicated a resilient economy with services accelerating and manufacturing gaining momentum.

"The markers for the month like PMI and GST collections point to a resilient macroeconomic environment," said Poonam Gupta, director general, NCAER in a release.