India’s GST cut fuels Rs 6 trillion festive shopping spree By Invezz - Investing.com India

India’s sweeping reduction in consumption tax has triggered a massive spending spree during the month-long festive season, offering a strong boost to Asia’s third-largest economy. Between 22 September and 21 October, the period between Navratri and Diwali, as reported by Bloomberg, consumer spending surged 8.5% year-on-year to over ₹6 trillion ($67.6 billion, approximately). The rise, came after t…