In the last week, we saw the spotlight firmly on India’s strong economic performance. India’s economy grew by 8.2% in the September quarter, outperforming market expectations of 7.3% and accelerating from the previous quarter's 7.8% growth. This marks the sharpest annual growth since March 2024, reflecting resilience despite the 50% US tariff imposed in August. Key drivers include increased government spending and GST tax cuts, which boosted consumer spending to 7.9% growth,

Last week's market update, we take a closer look at India’s easing inflation, with wholesale price growth slowing to its lowest in over a year. While food prices moderated, the trade deficit remains stable, and passenger vehicle sales saw modest growth. On a positive note, India’s foreign exchange reserves continue to rise. We also touch on global economic trends, with central banks like the Federal Reserve and the Bank of England maintaining cautious stances amidst ongoing u