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India’s consumption holds steady despite West Asia war jitters proves demand is resilient
Economy
Published on 2 May 2026
GST and UPI surged even as war fears rose
India kicked off the new fiscal year with a broad-based consumption lift despite West Asia war tremors. April GST collections hit a record, passenger car sales rose sharply, and UPI-driven digital transactions expanded strongly. Together, these indicators point to resilient consumer and spending momentum, suggesting limited immediate fallout from the conflict—at least for now.
- April GST collections reached a record high
- Passenger car sales showed a substantial increase
- UPI transactions grew, signaling stronger digital demand
- Early data suggests war impact hasn’t materialized yet
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times