GST overhaul drives ₹2 lakh crore boost as consumers upgrade, auto sales surge

GST collections are reflecting sustained economic activity following the tax overhaul, with a ₹2 lakh crore positive impact emerging across sectors. Consumer demand has shifted toward premium products, with television purchases trending toward larger screens and higher-end models.

Automobile dispatches have shown particular strength after the GST changes, while FMCG companies reported initial volume gains. However, geopolitical tensions and rising input costs present headwinds to the momentum.