India's consumption economy began the new fiscal year strongly, with goods and services tax (GST) collections hitting a record ₹2.43 lakh crore in April, reflecting an 8.7% increase from the same month last year. Passenger car sales also surged, with 445,417 vehicles sold, marking a 25% rise compared to April 2022. Digital transactions through the Unified Payments Interface increased by 25%, reaching a value of ₹29 lakh crore. Despite challenges such as high commercial cooking gas prices and supply chain issues, experts noted that the impact of the ongoing West Asia war has not significantly affected domestic demand. Saurabh Agarwal, a tax partner at EY India, emphasized the resilience of the Indian consumption story, while Partho Banerjee from Maruti Suzuki highlighted the positive effects of recent GST cuts and reduced repo rates. However, experts anticipate a potential stabilization in GST collections moving forward, with import-led revenues outpacing domestic transactions, indicating possible softness in consumer spending amid geopolitical uncertainties.