GST Overhaul Sparks Festive Spending Surge, Boosting Consumption to ₹20 Lakh Crore

The overhaul of the Goods and Services Tax (India) has ignited festive spending, with consumption rising to ₹20 Lakh Crore and strong growth in electronics sales.

• On 22 September 2025, the Goods and Services Tax (India) reforms were implemented, resulting in enhanced consumer sentiment and stimulating significant economic activity across various sectors.
• Minister of Finance (India) Nirmala Sitharaman and Piyush Goyal highlighted that double-digit growth in electronics sales has been a key outcome of the GST overhaul during the festive season.
• The festive period, particularly during Navaratri, witnessed a surge in demand, contributing to an overall consumption figure that reached ₹20 Lakh Crore, driven by both electronics and automobiles.