1 week ago
GST 2.0 Price Relief Led by Two-Wheelers and Cars
A study looked at whether people noticed lower prices after GST 2.0.
Two-wheelers and cars were the products where people most often reported lower prices.
Smartphones and home appliances came next.
Medicines, food and other everyday products also showed reported price relief.
Housing materials had the smallest share, but some people still reported lower prices there.
People in Tier-1 cities generally noticed more relief than people in Tier-2 cities.
The East and West reported more relief than the South.
Most households did not change how they saved or spent their money.
Two-wheelers had the highest share of consumers reporting lower prices, at 26%, followed by cars at 25%.
Smartphones and home appliances each recorded 22% of consumers reporting lower prices.
Medicines and healthcare recorded 21% reported relief, while food and daily-use products recorded 19%.
Tier-1 cities and the East and West regions generally reported more relief than Tier-2 cities and the South.
Among respondents who changed their behaviour, 12% saved more, 12% spent more on food quality, 9% on children’s education and 7% on health.
- Who
- Consumers surveyed in The Great Indian Wallet 4.0 – 2026 study.
- What
- The study measured consumers’ reports of lower prices and changes in spending or saving after GST 2.0.
- Where
- Across India, with differences reported by city tier and region.
- When
- The findings are from The Great Indian Wallet 4.0 – 2026.
- Why
- The study examined the perceived effects of GST-related price changes on household purchases and finances.
Key facts
- Top category
- Two-wheelers; 26% of consumers reported lower prices.
- Second-highest category
- Cars; 25% of consumers reported lower prices.
- Lowest reported relief
- Housing materials; 18% of consumers reported lower prices.
- No behaviour change
- 61% of respondents reported no change in spending or saving behaviour.
- Increased saving
- 12% of respondents said they saved more.
- City-tier pattern
- Tier-1 cities generally reported stronger relief, while Tier-2 cities reported the lowest levels.
- Regional pattern
- The East and West generally reported stronger relief, while the South reported the least across nearly every category.
Sources
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