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Data▲ Bullish for Indian equities
H1 digest: India's consumption engine powers on despite emerging headwinds
The brief
- Household spending remained resilient in H1 FY27 despite higher inflation
- GST cuts, easier credit and strong rural demand supported consumption; weaker kharif output was a headwind
- Resilient demand supports Indian consumer companies, while weaker kharif output risks rural spending
- GST Council to simplify processes, cut penalties
- Another price hike inevitable due to higher input costs: Tata Motors PV MD Shailesh Chandra
- GST Council’s October 7 meeting to focus on process reforms; no broad rate changes expected
- Buzzing Stocks: ESDS Software slips 5% despite 14% profit jump; JSW Cement falls on ₹230 crore GST notice
- GST Council to review proposed levy on UPI merchant fees above ₹2,000