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India set to record strongest consumption up-cycle as rural income rises
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Rural income gains, tax cuts and festival sales are fuelling India’s shift to a consumer-led growth phase.
India’s consumption revival is gaining visible traction thanks to rising rural incomes, tax cuts and recent GST rate reductions. Festive retail sales and auto bookings show early momentum, suggesting a shift toward a consumer-led growth model. Analysts believe we are moving out of an investment-led phase and into one where household spending drives growth — though sustained pickup across retail, travel and services is necessary for full-cycle upgrade.