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

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.

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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