positive
Recently
India GST expansion continues despite global macro drag and capital rotation stress
This GST print strengthens India’s risk-adjusted macro resilience narrative versus global EM peers and supports tactical overweight bias into certain domestic cyclicals.
₹1.95 trillion GST collection was recorded in October, growing 5.6 percent year-on-year as domestic consumption remained resilient through festive cycle despite global volatility. Strategists said the print reinforces India’s internal demand-driven stability curve at a time where several global macro channels remain fragmented across energy, shipping insurance premia, policy unpredictability, and commodity chokepoints. For allocators this adds conviction that India’s equity curve can continue outperforming risk-adjusted compared to global EM peers with higher foreign capital dependency ratios. This could further drive selective overweight positioning into mid area cyclicals and premium consumer durables.