Last week’s economic data gave us a strong momentum in India. India’s industrial production surprised on the upside in December 2025, rising 7.9% year-on-year, up from a revised 7.2% in November and well above the market expectation of 5.5%. This also marks the fastest growth since October 2023. What’s encouraging is that this strength comes at a time when global trade worries, especially around US tariff actions, have been making headlines. India Industrial Production (%) Ma

Last week offered a mixed picture across global economies, with growth holding up in some areas while others showed clear signs of cooling. In the US, manufacturing remained under pressure. The ISM Manufacturing PMI slipped further to 47.9 in December 2025, its third straight monthly decline and the lowest since October 2024. Production eased to 51 from 51.4, inventories fell sharply to 45.2 from 48.9, and price pressures stayed elevated at 58.5. New orders improved slightly

The threat of a 500% tariff on Indian exports to the United States has sent shockwaves through India’s financial markets. What began as a geopolitical trade dispute quickly spilt into Indian financial market, triggering a sharp sell-off in equities, pressuring the rupee, and pushing export-heavy industries into deeper stress. This is no longer just a policy headline; it has become a material economic risk for markets and manufacturers alike.

Last week, the major economic updates came from India, with fresh data on industrial production, manufacturing activity, and foreign exchange reserves offering useful insights into the current state of the economy. India’s latest economic data offers a mix of encouragement and caution. On the one hand, industrial activity picked up sharply in November. On the other hand, forward-looking indicators suggest that momentum may be easing as businesses deal with global uncertainty

The year 2025 was not a blockbuster year for equity markets - but it was an important one. For India, it marked a phase of consolidation, resilience, and structural strengthening, even as global markets grappled with high interest rates, geopolitical tensions, and uneven growth. Rather than a sharp rally, Indian equities delivered measured, earnings-led returns, standing out within a fragmented emerging-market landscape.

Last week’s data presents a mixed but encouraging picture; some areas remain soft, yet the broader trend suggests resilience, both at home and abroad. Starting with India’s infrastructure output, November 2025 brought a welcome turnaround. Output rose 1.8% year-on-year, bouncing back from a revised 0.1% decline in October, the first drop in over a year. This matters because infrastructure accounts for nearly 40% of India’s total industrial production. The rebound suggests tha

This past week reminded markets that while inflation pressures have eased from their peaks, central banks are still far from declaring victory. Starting with Australia, the Reserve Bank of Australia kept its cash rate unchanged at 3.6% for the third straight meeting, in line with expectations. Borrowing costs remain at their lowest since April 2023. The RBA acknowledged that inflation has cooled sharply from 2022 levels, but the recent pickup has caught attention. While some

In a world marked by economic volatility and geopolitical tensions, it’s easy to get swept up in global uncertainty. However, India’s economic resilience continues to stand out, making it an attractive destination for investors. Despite external challenges, including trade disruptions and rising tariffs, India’s strong domestic demand, robust growth trajectory, and ongoing reforms offer a compelling case for why investors should stay bullish. Let’s take a closer look at the l

Last week’s economic picture offered a mix of steady momentum and a few signs of cooling, both in India and across global markets. India’s manufacturing sector lost a bit of steam in November, with the HSBC Manufacturing PMI easing to 56.6 from the earlier estimate of 57.4 and sharply lower than October’s 59.2. It’s still comfortably above the long-run average of 54.2, but the slowdown reflected softer new orders and the weakest output growth since February. Export orders als

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,

If you’ve been tracking the Indian stock market recently, you’ve likely noticed a distinct shift in sentiment. After a period of volatility, the bulls made a decisive comeback in October and November. But what exactly flips the switch? Was it domestic strength, global cues, or just market noise? According to the latest RBI Bulletin, it wasn’t just one factor; it was a convergence of favourable global tides and strong domestic fundamentals. Let’s dive into what fueled the rall

Last week brought a mix of upbeat and cautionary signals for the Indian economy, with several key data points offering a clearer view of where things stand as we move toward the year-end. From a sharp recovery in passenger vehicle sales to steady unemployment levels and a slight softening in business activity, India continues to show resilience despite global uncertainties. India Total Passenger Vehicle Sales In October 2025, India saw a remarkable 15.8% jump in passenger veh

As we look back on the latest economic developments, there’s a mix of both caution and optimism in the air, with key data points reflecting various challenges and opportunities across global markets. The UK job market took a hit in the third quarter of 2025, with the unemployment rate rising to 5.0%, marking the highest level since May 2021. This was slightly above expectations, with the number of unemployed individuals increasing by 117,000 to 1.789 million. Notably, the ris

The past week, several key economic indicators have shaped the global economic outlook, with significant developments in both developed and emerging markets. In the United States, the ISM Services PMI rose to 52.4 in October, marking the strongest expansion in the services sector since February. Business activity and new orders both rebounded significantly. However, the employment index remained below the neutral level at 48.2, reflecting some caution in hiring, partly due to

A clear, date-by-date breakdown of Donald Trump’s 2025 tariff actions...your go-to resource for understanding the policies, industries hit, and global reactions.

As we step into November, the global economy continues to navigate shifting growth patterns and policy adjustments, while India’s industrial engine keeps humming steadily. Here’s a quick look at what shaped markets and economies this week. India’s industrial production expanded 4% year-on-year in September 2025, holding close to the 4.1% growth seen in August and comfortably above the 2.6% market consensus. This marks the 12th straight month of growth, with output staying abo

As we head into October, the global economy is showing a mix of strength and challenges, with inflation still a concern and growth in key areas moving at different paces. India’s infrastructure output grew by 3% year-on-year in September 2025, a sharp slowdown from the 6.5% growth in August, which had been the highest in over a year. This drop was largely driven by weak performance in key sectors like coal (-1.2%), crude oil (-1.3%), and natural gas (-3.8%), with the ongoing

The past week brought a mix of steady progress and subtle shifts across key global and domestic indicators, reflecting the ongoing tug-of-war between inflation, employment, and trade dynamics. Starting with the United Kingdom, the unemployment rate ticked up to 4.8% in the three months to August, slightly above market expectations of 4.7%. This marks the highest reading since mid-2021. The increase mainly came from those unemployed for up to six months and those jobless for o

As we reflect on this past week’s economic data, several key indicators highlight both challenges and resilience across global markets. In India, the HSBC India Composite PMI for September 2025 showed a slight slowdown, dropping to 61.0 from 63.2 in August, marking the lowest level since June. This signals a deceleration in output growth across both manufacturing and services, despite the index still sitting comfortably above the long-term average. New orders saw slower growt

India’s journey towards economic growth is often talked about with optimism. Yet, the conversation is typically centred around the challenge of rising income inequality, commonly referred to as the “K-shaped recovery”(a post-pandemic trend where the wealthy recover quickly while the poor stagnate or decline). But a recently released government survey, the Household Consumption Expenditure Survey (HCES) 2022-23, challenges this narrative, suggesting that when it comes to actu