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'GST rate cuts fuel strong consumption growth across key sectors'

The Business Guardian

|

December 02, 2025

Sectors that benefited from recent GST rate rationalization have registered robust growth, with consumption indicators showing a significant uptick in consumer spending across essential and mass-market categories, government sources revealed on Monday.

The taxable value of goods and services under GST grew by 15 per cent during September-October 2025 compared to the same period last year, nearly double the 8.6 per cent growth recorded in September-October 2024, sources told ANI.

The growth has been particularly pronounced in sectors where the GST Council implemented rate reductions as part of what the government has termed the “GST Bachaat Utsav” (GST Savings Festival), aimed at putting more money in consumers’ hands.

Several key sectors showed marked acceleration in growth rates year-on-year.

Construction and infrastructure

Construction and infrastructure saw a dramatic turnaround, with cement and related items posting 19 per cent growth this year compared to just 2 per cent during the same period in 2024.

Automobiles

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RBI ANNOUNCES RS 30,000 CRORE G-SEC UNDERWRITING AUCTION

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Mumbai International Airport sets new record with 1.76 lakh passenger traffic on Nov 29

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CCI takes cognizance of information filed against IndiGo

The Competition Commission of India (CCI) has decided to launch an inquiry into the issue of flight disruptions at IndiGo, taking cognizance of Information filed against the airline.

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Indian stock market ends on muted note; IT stocks remain key support

Domestic benchmark indices on Thursday ended on a muted note in the volatile trade with Sensex down 77.84 points or 0.09% at 84,481.81, and the Nifty was down 3 points or 0.01% at 25,815.55.

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THE DEAD CANNOT CONSENT: WHY WE NEED POSTHUMOUS PRIVACY LAWS

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The Power of Words: Shaping reality through speech

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Rupee likely to bounce back in second half of next fiscal: SBI Report

The Indian Rupee, which has been under pressure in recent times, is likely to bounce back strongly in the second half of the next financial year, from October 2026 to March 2027, according to a report by the State Bank of India (SBI).

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Balaji Mannem Conferred Honorary Degree by California Public University (USA)

Mr.

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