Consumer Confidence in India Soars as Festivities and GST Reforms Boost Spending

Consumer confidence in India surged by +1.4 percentage points in October 2025, fueled by festive spending and beneficial GST reforms, impacting the overall cost of living.

• India experienced a notable increase in consumer sentiment in October 2025, attributed to the festive season and GST reforms aimed at reducing the cost of living.
• Research firm Ipsos reported that the uplift in consumer confidence reflects a broader trend across Asia-Pacific, with countries like Indonesia and South Korea also witnessing improved sentiments.
• The Gulf Standard Time saw significant retail activity as festivities encouraged spending, contributing to the positive consumer outlook in India as the holiday season approached.