Festive demand, GST cuts perk up consumption in Oct, Q3 looks 'sunny': SBI Caps - livemint.com

New Delhi: India’s consumption surged in October, buoyed by the festive season and recent rationalization in goods and services tax rates, showing economic resilience even as global growth remains uncertain, SBI Capital Markets said in its latest EcoCapsule report released on Monday. The pickup, it noted, reflects a decisive turnaround in demand after a sluggish monsoon quarter, with households an…