India’s consumption cycle is reviving as rural incomes rise, GST reductions take effect and festive sales outperform expectations. Auto bookings jumped 50% in part, while electronics and value-fashion retail reported growth of 20–90%. Analysts say the shift from narrative to numbers is underway, with increasing evidence in dealer channels, quarterly updates and consumer demand metrics. While inflation remains a watchpoint and global risks linger, the broadening of demand beyond urban centres marks a meaningful change in the economy’s growth engine.