New Delhi: India’s consumption surged in October, buoyed by the festive season and recent rationalization in goods and services tax rates, showing economic resilience even as global growth remains uncertain, SBI Capital Markets said in its latest EcoCapsule report released on Monday. The pickup, it noted, reflects a decisive turnaround in demand after a sluggish monsoon quarter, with households and businesses alike stepping up spending.The investment banking arm of the State Bank of India drew its optimism ...

November 6, 2025 06:50 AM GMT India Economics | Asia Pacific India Trendspotting: Green Shoots of Recovery High-frequency growth has exhibited nascent signs of picking up during the festive season, bolstered by sustained policy support. We anticipate domestic demand to drive India's growth, notwithstanding lingering uncertainty in external demand. (1) Consumption: Services PMI edged down to 58.9 in October from 60.9 last month, as festive-related holidays impacted output. Vehicle registrations (proxy for re ...