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‘GST cut benefits to last post Diwali’
Financial Express Bengaluru
|October 19, 2025
“SO, IT (CONSUMPTION increase) will sustain. The consumption story will continue.”
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Electronics, I&B and Railways minister Ashwini Vaishnaw said the GST cuts, along with other factors, would lead to over 10% growth in consumption (private final consumption expenditure or PFCE in nominal terms) in FY26. The PFCE was %202 lakh crore in FY25, accounting for 61% of the Gross Domestic Product (GDP).
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