Morgan Stanley sees a 50 per cent chance that the BSE Sensex will reach 89,000 by June 2026, implying a 6 per cent upside. It said India’s growth cycle will strengthen, supported by RBI’s rate cuts and a lower cash reserve ratio (CRR).

The firm cited deregulation, liquidity infusion, and a possible India-US trade deal as major catalysts. It added that easing ties with China and GST cuts worth ₹1.5 trillion could lift investor sentiment. Analysts believe falling oil intensity in GDP and stronger exports will help cut real rates and steady inflation.

Morgan Stanley prefers domestic cyclicals such as financials, consumer discretionary, and industrials over defensives. The firm expects stronger foreign inflows and monetary easing to further boost India’s equity outlook in the near term.

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The Ministry of External Affairs (MEA) stated that India has aimed to diversify energy procurement for many years, prioritising stable prices and secure supplies. The current US administration has shown interest in strengthening these energy ties.

Despite previous US tariff hikes, India’s exports to the US rose to $45.82 billion in the first half of the current financial year, a 13.3% increase from last year. The government sees potential to import $12–13 billion worth of crude oil and natural gas from the US without changing refinery configurations.

India is also likely to source more renewable energy technologies from the US as part of the trade discussions. Chief Negotiator Rajesh Agrawal is already in the US, working with the negotiating team to finalise bilateral commitments and boost climate-friendly energy cooperation.

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Alckmin, also Brazil’s Minister of Development, Industry, Trade and Services, will hold the inaugural Trade Ministerial Review Meeting with Commerce Minister Piyush Goyal on October 16. He will be accompanied by Cabinet ministers, senior officials, and a business delegation.

During the visit, Alckmin will meet Defence Minister Rajnath Singh and Brazilian Defence Minister Jose Mucio Monteiro Filho to discuss military cooperation and defence industrial collaboration. He is also scheduled to meet Vice President C.P. Radhakrishnan, External Affairs Minister S. Jaishankar, and Petroleum Minister Hardeep Puri.

Alckmin will attend the India-Brazil Business Forum and visit the All India Institute of Ayurveda. Brazil is India’s largest trade partner in South America, with bilateral trade reaching $12.19 billion in 2024-25. Both nations aim to raise trade to $20 billion in five years, focusing on pharmaceuticals, chemicals, MSMEs, and other sectors.

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The report highlighted inconsistencies in Pakistan’s trade and revenue data. Revenue collection fell short by 1.2 trillion rupees, while import figures showed an $11 billion discrepancy over two fiscal years. The IMF has demanded corrective measures and transparency to restore investor confidence. Authorities hesitated to revise historical data due to concerns over growth and exports.

Debt obligations already exceed $7 billion, with external debt at 35.1% of GDP. Pakistan spends nearly 30% of export earnings on debt servicing. Exports remain stagnant, while imports exceed 22% of GDP. Short-term borrowing continues, locking the country in dependency.

Governance and revenue reforms have achieved limited results. The World Bank’s $20 billion programme supports energy, education, and infrastructure but falls short of annual debt requirements. Analysts argue that Pakistan must implement structural reforms to escape the cycle of IMF dependency.

The post IMF Loans Keep Pakistan in Debt Cycle Amid Economic Discrepancies: Report appeared first on India Podcast.

The pact, effective from October 1, expands market access for goods and services while promoting ‘Make in India’ and ‘Atmanirbhar Bharat’. It covers 14 chapters, including trade facilitation, intellectual property, sustainable development, and investment promotion. Key sectors such as dairy, coal, and agriculture remain protected under the deal.

The four EFTA nations — Switzerland, Norway, Iceland, and Liechtenstein — pledged $50 billion FDI in 10 years and another $50 billion later. These long-term investments target innovation, research, and high-value manufacturing, expected to generate one million direct jobs in India.

A dedicated India–EFTA Desk was launched in February 2025 to assist investors. It will promote collaborations in renewable energy, engineering, digital transformation, and life sciences. With services contributing over 55% to India’s GVA, TEPA strengthens trade in digital and professional services, driving inclusive and sustainable growth.

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Steel and heavy engineering contribute about 25% of India’s steel output from Jharkhand. The GST cuts support sectors that depend on steel, such as construction and automotive. Taxes on two-wheelers and small cars dropped from 28% to 18%, while tractors below 1800cc now attract only 5%.

Auto components and commercial vehicles also enjoy lower tax rates, making machinery and vehicles cheaper. This reform boosts demand, increases production, and creates more jobs in Jharkhand’s steel and engineering ecosystem. Over one lakh workers benefit from the sector’s expansion, supported by thousands of MSMEs.

The reforms improve domestic consumption and enhance Jharkhand’s export competitiveness. The state exports steel and machinery to the US, China, Japan, and Europe. By reducing costs and promoting efficiency, the GST reforms place Jharkhand firmly on the path of industrial excellence and sustainable growth.

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Addressing an event by the Ministry of Textiles and CITI, Singh said the sector faces climate change and sustainability challenges. He urged efficient use of water and electricity to protect nature. He added that renewable energy and soil conservation are vital for cotton farmers’ prosperity.

Singh said India covers 40% of the global cotton area but has low productivity compared to other countries. The government’s Mission for Cotton Productivity aims to bridge this gap. He noted that the rise in Minimum Support Prices shows the government’s commitment to farmer welfare.

The minister highlighted opportunities in natural fibres like ramie, flax, and milkweed. Minister of State Pabitra Margherita said India must lead in quality and sustainability. He added that the Kasturi Cotton initiative supports the government’s ‘5F’ vision — from farm to foreign markets.

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Trump shared on Truth Social that both leaders plan to continue talks and meet in the near future, in Brazil and the US. He added that he enjoyed the call and expected stronger cooperation between the countries.

Lula also confirmed the call on X, recalling the good chemistry they shared during their brief meeting at the UN General Assembly in New York last month. Lula stressed that direct contact could restore the 201-year friendly relations between the two largest democracies in the West. He highlighted the US surplus with Brazil in goods and services.

The Brazilian President urged the US to lift tariffs on Brazilian goods. He may meet Trump again during the ASEAN Summit in Malaysia in late October. The call comes after the Trump administration imposed a 50% tariff on Brazil, part of broader tensions with BRICS nations. Trade talks with India have also resumed, aiming to address similar tariff issues.

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Scindia highlighted that India’s image has transformed from being a services and consumer-driven economy to a hub of production, innovation, entrepreneurship, and exports. He noted that the indigenous 4G stack demonstrates India’s growing strength in advanced technology and its ability to compete globally.

With this achievement, India not only secures a position among the top nations in telecom manufacturing but also signals a shift toward self-reliance in critical infrastructure. The minister emphasized that such progress will drive exports, boost local industries, and strengthen India’s role in global supply chains.

As India enters coveted club of telecom equipment manufacturing nations, it sets the stage for further breakthroughs in 5G and 6G technologies. Scindia underlined that India’s telecom innovation will enhance connectivity, empower startups, and open opportunities for sustainable digital growth.

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The brokerage noted that the recent GST reduction is unlikely to significantly boost Hyundai’s sales. High dependence on large SUVs, exports, and parts, which make up 70 per cent of revenue, may limit the benefit from tax changes.

Hyundai’s total sales declined by 4.23 per cent in August, with domestic sales dropping to 44,001 units from 49,525 units a year ago. Exports grew 21 per cent to 16,500 units, supporting overall performance. The company aims to strengthen India as its largest export hub outside South Korea.

Consolidated net profit for Q1 FY26 fell 8 per cent year-on-year to Rs 1,369.23 crore. While Hyundai continues expanding globally and supporting government initiatives like Make in India, near-term stock performance may remain under pressure.

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