🏦 Economy / Policy
• India’s economy is projected to grow 6.6% in FY27 despite higher US tariffs, supported by domestic demand resilience, says the UN 💹
• FY27 fiscal deficit is likely to overshoot targets and reach 4.6% of GDP, driven by spending pressures and slower revenue growth, according to BMI 📊
• Capital expenditure by 60 CPSEs and government entities reached 73.6% of full-year targets during April–December, reflecting steady public investment 💰
• Assocham has sought incentives for hydrogen-based steelmaking and green finance support in the FY27 Budget to accelerate industrial decarbonisation 🌱🏭
🏢 Companies / Sectors
• Auto component sector is expected to benefit from a strong order pipeline and demand recovery following GST cuts, supporting volume and margin outlook 🚗📈
🌍 Global / World
• Markets were rattled after former US President Trump backed a Bill proposing 500% tariffs on India and China, triggering global risk-off sentiment ⚠️💹