Festive season, GST reforms lift consumer sentiment in October: LSEG-Ipsos survey - Moneycontrol
The survey showed India’s National Index score increased by 1.4 percentage points this month, reflecting stronger optimism about personal finances, job prospects, and spending.
October 24, 2025 / 23:24 IST
India’s consumer sentiment rose in October 2025, buoyed by festive cheer and recent GST adjustments that eased household budgets and lifted confidence, according to the latest LSEG-Ipsos Primary Consumer Sentiment Index (PCSI).
The survey showed India’s National Index score increased by 1.4 percentage points this month, reflecting stronger optimism about personal finances, job prospects, and spending. The rise comes as festive shopping and government-led tax reforms helped boost economic confidence across urban and rural households.
“From late September through October, India has been in a celebratory mood, with a host of festivals creating a feel-good atmosphere,” said Suresh Ramalingam, CEO of Ipsos India. “The festive fervour, combined with the government’s recent GST reforms aimed at reducing the cost of living and enhancing household savings, appears to have provided a further boost to consumer sentiment.”
The report noted gains across all four sub-indices: confidence in current financial conditions rose 2.4 points, the jobs index climbed 2.2 points, expectations for the economy edged up 0.2 points, and investment sentiment improved by 1.2 points.
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