Based on recent reports, here’s a summary of economic news with links to the source articles:
Global Economy
The global economy is exhibiting resilience despite ongoing uncertainties. It is projected to grow by 3.0% in 2025 and 3.1% in 2026, an upward revision from earlier forecasts. Global inflation is expected to decrease, although inflation in the US is predicted to remain above target. Key risks include potential higher tariffs, elevated uncertainty, and geopolitical tensions.
- World Economic Outlook Update, July 2025: Global Economy
- IMF Raises India’s Growth Forecast to 6.4% for 2025 and 2026, Retains …
Indian Economy
India’s economy continues its strong performance, driven by domestic demand and reforms.
- GDP Growth: India’s GDP grew by 7.8% in Q1 of FY 2025-26, surpassing the 6.5% in the same period last year. This makes India the fastest-growing major economy, with forecasts of 6.4% growth for both 2025 and 2026 according to the IMF.
- India’s GDP Surge: Driving the Growth Story – PIB
- India’s GDP Growth at 7.8% in Q1 FY 2025-26 – Paytm
- IMF Raises India’s Growth Forecast to 6.4% for 2025 and 2026, Retains …
- Future Outlook: India is projected to become the world’s third-largest economy by 2030, with a projected GDP of $7.3 trillion.
- India’s GDP Surge: Driving the Growth Story – PIB
Key Initiatives & Events
- GST Reforms: Next-generation GST reforms were announced by Prime Minister Modi for implementation by Diwali, simplifying the tax structure to a two-tier system of 5% and 18%. This includes reduced taxes on numerous products and services, including automotives.
- US Tariffs: The US has imposed a 50% tariff on Indian goods, potentially impacting sectors like textiles and jewelry and possibly reducing India’s GDP by 0.5%. India is exploring alternative export markets and import substitution strategies in response.
- Trade Agreements: India is set to finalize terms of reference for a proposed Free Trade Agreement (FTA) with Qatar in early October and has resumed FTA negotiations with the EU.
- Bilateral Investment Treaty: India and Israel have signed a Bilateral Investment Agreement aimed at expanding economic cooperation and boosting trade and investment.
Company Specific News
- Infosys: The company’s share price surged by nearly 4% on September 9 following the announcement that its board will consider a share buyback proposal on September 11.
- Hero MotoCorp: Harshavardhan Chitale has been appointed as the new CEO, effective January 5, 2026. This move is expected to accelerate the company’s push into electric and emerging mobility.
- HUDCO: Signed an MoU with the Nagpur Metropolitan Region Development Authority (NMRDA) to provide funding up to ₹11,300 crore for various projects over five years.
- Voltamp Transformers: Shares declined after promoter Kunjal Patel announced plans to divest a 7% stake via a block deal.
- TVS Motor: Will pass the full benefit of GST rate reductions on ICE vehicles to customers starting September 22.
- Coal India: Shares fell on Monday amid negative investor activity. Production in August rose 8% month-on-month despite monsoon-related constraints.
Additional Details
- Automakers are displaying GST price posters at dealerships.
- Some economists are exploring fixes for input tax credit issues related to the GST transition.
- Food prices in India saw a deflation of 1.76% in July.
- Domestic steel demand in India is estimated to grow by 9-10% in FY25.
- Automakers like Hyundai, Tata Motors, Nissan, Mahindra & Mahindra, Renault, Toyota, BMW, Lexus, Audi, Kia, and JSW MG Motor India have announced price cuts due to GST reductions.
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