Third-quarter demand in India roared back to life, propelled by GST 2.0’s efficiency gains and a thriving rural economy. The revamped tax system simplified operations for millions of small businesses, igniting a consumption frenzy. Rural areas emerged as the growth engine. Bumper crop yields and government price supports swelled disposable incomes, leading to heightened spending on homes, vehicles, and lifestyle products. Retailers in tier-2 and tier-3 cities reported record footfalls. FMCG giants expanded portfolios tailored for rural tastes, driving volume growth amid stable prices. At the heart of this transformation lies GST 2.0, with its tech-driven portals reducing errors and refunds delays.
