New Delhi, Sept. 1 -- Steady domestic consumption is expected to provide a strong boost to demand during the upcoming festive season, according to a report by Bank of Baroda.
The report highlighted that steady consumption trends point to a positive outlook for the economy in the months ahead.
It stated, "Steady domestic consumption so far (as reflected in GST collections) also provides a positive outlook for the upcoming festive demand."
GST collections rose by 10.7 per cent during April to July 2025, compared with 10.2 per cent growth in the same period last year.
According to the report, this steady rise indicates that domestic consumption remains robust. Improvement in consumer non-durables has already become visible, which suggest...
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