New Delhi, Oct. 20 -- India's consumption story is finally showing signs of picking up-from vehicle sales to consumer goods-propped up by the GST rate cuts and the ongoing festive fervour. However, to support the economy amid global uncertainties, India needs a sustained recovery in consumption.
Passenger vehicle sales have jumped 21.6% year-on-year over the previous two months, with the trend particularly striking for two-wheelers, according to data from the transport ministry's Vahan portal that tracks vehicle registrations.
Sales of two-wheeler vehicles-seen as a proxy for gauging demand at the lower end of the income spectrum-zoomed 46% y-o-y till 14 October. On the other hand, car sales rose 19.2% y-o-y as buyers timed their car an...
		
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