Manipur Violence: It has been three months since violence broke out in Manipur and the violence in the state has not stopped yet. 160 people have lost their lives in this violence and thousands of people have become homeless. Those who have to spend their lives living in the camps. The violence in Manipur has also affected the economy there. As a result, according to the figures of GST collection for July 2023 released by the Ministry of Finance, Manipur is the only state whose GST collection has declined.
Big drop in GST collection
According to the state-wise data of GST collection that has been released, there has been a jump in GST collection in all the states except Manipur. But in July 2023, the GST collection in Manipur has come down to Rs 42 crore, which is 7% less than in July 2022. So compared to its previous month of June 2023, there has been a decline of 30.61 percent in the GST collection. Manipur’s GST collection in June 2023 was Rs 60.37 crore.
₹1,65,105 crore gross"https://twitter.com/hashtag/GST?src=hash&ref_src=twsrc%5Etfw"#>GST revenue collected for July 2023; records 11% Year-on-Year growth
Revenues from domestic transactions (including import of services) are 15% higher Year-on-Year… pic.twitter.com/T7rxc15JPC
— Ministry of Finance (@FinMinIndia) August 1, 2023
Manipur fabrics are in great demand
Due to Manipur violence, a bad effect is being seen on the state’s economy. Due to violence between the Meitei and Kuki communities, exports from Manipur have declined by up to 80 percent. Handmade clothes, medicinal plants and many food items are exported from the state. Manipur is known for its fabrics like Moirangphi, Leeram, Lasingphi and Phanek and these fabrics are in good demand in America, Europe and Singapore. But after the violence spread in the state, the internet is closed there, it has also affected the economy there. From banks to ATMs are closed there.
When will the economy be back on track
Moreh border point through which the route of trade with India-Myanmar as well as other Southeast Asian countries by road is closed, which has affected the economy of Manipur. Manipur is the second largest state in the country in terms of number of weavers and fourth in the country in terms of number of looms. The gap of mistrust between the Meitei and Kuki communities has widened to such an extent that how long the state’s economy will be back on track remains a big question.
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