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India GST revenue expands despite recent rate adjustments and cost-side pressure
This indicates India is sustaining domestic demand led resilience even after rate adjustments, improving fiscal stability expectations and narrowing risk premium dispersion in public markets.
1.96 lakh crore rupees was collected in GST for October, rising 4.6 percent year-on-year with festive consumption strength offsetting recent rate rationalisations. Officials said this indicates broad-base consumption breadth across discretionary retail, services, auto and electronics, with indirect tax buoyancy materially ahead of nominal GDP directional band for the quarter. Analysts believe this adds stability to central fiscal glidepath projections in FY26 and improves risk-adjusted valuation sentiment for public equity allocators, especially as global macro remains fragmented across commodities, rate volatility and geopolitical premium shocks influencing foreign capital flows.