It is possible, if you know how to do it.
Let's assume today is 9th October 2024.
You made a purchase of a ₹30,000 Amazon GV and redeemed it. Now, you must wait 30 days before you can buy another ₹10,000 voucher. After another 30 days, you can buy another ₹10,000 voucher.
In total, over 90 days, you will have bought ₹50,000 worth of amazon vouchers.
Starting next month, you can make purchases of ₹25,000–₹30,000, and sometimes even more.
Also, this doesn't apply only to Amazon GVs, there are many more gift cards available on Amazon like Myntra etc. The 360K limit is combined for Amazon vouchers and other brand vouchers.