Indians Spent Record Rs 6 Lakh Crore In 30 Days, Fuelled by GST Cuts, Festival - Trak.in

India’s broad consumption tax reduction led to a surge in consumer spending on products ranging from cars to kitchenware during the month-long festival season. The tax cut helped stimulate an economy that had been weakened by a 50% import levy imposed by the United States. India’s Tax Cut Sparks Festival Spending Boom, Reviving Economy Hit by US Import Levy Spending between September 22 and Octobe…