Generalized quadrature spatial modulation (GQSM) seamlessly amalgamates the generalized spatial modulation (GSM), quadrature spatial modulation (QSM) and vertical Bell Laboratories layered space-time (V-BLAST) techniques. In contrast to traditional multiple-input multiple-output (MIMO) schemes transmitting information bits only through the constellation defined on the complex plane, GQSM transmits additional information bits implicitly by selecting the transmit antenna (TA) activation pattern. The philosophy of QSM is that of separating the indices of the real and the imaginary parts of the transmit symbols, which increases the attainable throughput.In this paper, we analyze the inherent benefits of GQSM in terms of throughput. More specifically, we first derive the achievable rate expression of the recent GQSM scheme and unveil the condition for GQSM to approach the maximum rate. Furthermore, we compare the rate of the GQSM scheme to that of other transmission schemes and reveal the conditions for the GQSM's maximum throughput to exceed that of the benchmark schemes. Simulation results show that when the number of TAs is 40 and quadrature phase shift keying (QPSK) is adopted, the rate of the GQSM scheme may reach 150% of that of V-BLAST. Additionally, a pair of low-complexity detectors are conceivedone based on ordered successive interference cancellation (OSIC) and another one on the orthogonal matching pursuit (OMP) algorithm.