Can GST cuts, low food inflation and IT relief create a triple tailwind for households? Here’s what Crisil’s DK Joshi has to say

GST rationalization in India is set to boost consumption, particularly for middle- and lower-middle-income households. Cuts in one-third of household spending, including autos, processed foods, and durables, coincide with low inflation and income tax relief. Festive season sales may accelerate pass-through, supporting FY26 consumption-led growth despite short-term fiscal impact.