India’s consumption is rebounding this festive season, driven by GST rate cuts and strong vehicle and FMCG sales. Yet, experts warn the momentum must sustain beyond festivities for stable economic growth.

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• Vehicle sales jump 21.6% y-o-y over past two months, led by two-wheelers.
• Two-wheeler sales surge 46% y-o-y till 14 October; cars up 19.2%.
• Auto sector, including trucks and tractors, sees 35% rise during Navratri.
• Navratri retail sales mark one of the strongest festive seasons ever.
• GST cuts boost demand as manufacturers pass benefits to consumers.
• FMCG sales grow 43% y-o-y; packaged foods up 48%, dairy up 36%.
• Beverages growth slows to 2%, showing more mindful consumption habits.
• Personal care products see a massive 74% volume jump.
• UPI transactions average 680.6 million daily in October — highest in three years.
• Experts say GST cuts drove growth, but sustained spending is key to recovery.