New Delhi, Nov. 5 -- India's consumption demand continues to hold firm, with strong momentum visible across both the production and sales indicators in September 2025, even as consumers temporarily deferred purchases ahead of GST rate cuts, according to an analysis by Bank of Baroda.
As per the analysis by Bank of Baroda Economists Dipanwita Mazumdar and Jahnavi Prabhakar, production of consumer durables, especially white goods like televisions and refrigerators, recorded double-digit growth, while daily consumables and mobility-related items also showed healthy upticks despite a period of abstention in the month due to tax transition.
The report highlighted that the Index of Industrial Production (IIP) disaggregated data pointed to robus...