GST revenues reveal a dissonance in consumption growth across States

Amid worries about weak consumer spending trends, Goods and Services Tax (GST) revenues for the first nine months of 2023-24 reveal a dissonance in consumption growth across States, with Gujarat, West Bengal and Andhra Pradesh among a dozen-odd States that are seeing weaker growth.  Last Friday, the National Statistical Office estimated private final consumption expenditure (PFCE) would grow…