Archive · 24 Sep 2025
Credit Card Spending and E-Commerce Surge After GST 2.0 Implementation
After the new GST rules went into effect, people started spending a lot more money with credit cards.
This is because of things like sales events online at places like Flipkart and Meesho.
These sales are drawing many customers and people are buying phones, clothes, and home items, which has increased the business in e-commerce.
If this continues, the holiday season will be a big success for businesses.
Credit card spending increased fivefold in the first three days post-GST 2.0 implementation.
E-commerce platforms Flipkart and Meesho saw record sales and user engagement during festive sales.
Flipkart's Big Billion Days had a 21% rise in user visits.
Meesho attracted 24 crore visitors in three days during their sale.
Analysts project ₹1.2 trillion in gross e-commerce sales for this year.
- Who
- Consumers, e-commerce platforms (Flipkart, Meesho), credit card users, banks
- What
- Significant surge in credit card spending and e-commerce activity
- When
- First few days of GST 2.0 implementation, festive season
- Where
- India, especially metro and tier-2/3 cities
- Why
- GST 2.0 benefits, festive sales, consumer demand
General Positive Trend
Factual Overview
Spending Trends
General Positive Trend
Shows growing consumer confidence
Factual Overview
Highlights record spending across different channels during a limited period
- Credit Card Spending Increase
- Fivefold rise in average daily spending
- SBI Card Spending
- Increased in discretionary and non-discretionary categories
- HDFC Bank Market Share
- Gained market share in August
- Flipkart User Visits Increase
- 21% YoY during Big Billion Days
- Meesho Visitors
- 24 crore in 3 days
- Projected E-commerce Sales
- ₹1.2 trillion
