💹 Economy / Policy
- MOSPI released a discussion paper on compiling a new IIP series, aiming to better reflect current industrial structure.
- NIPFP projects India’s FY26 GDP growth at 7.4%, driven by GST reforms and improved compliance efficiency.
- India’s net direct tax collections rose 7% YoY to ₹12.92 trillion between April–Nov FY26, showing steady fiscal momentum.
- MNRE Secretary said India may miss its 5 MMT green hydrogen target for 2030, citing demand uncertainty.
- Retail inflation for October likely to dip below 1%, signaling strong disinflationary trend.
🏭 Companies / Industry
- ISMA expects India’s 2025–26 sugar output to rise 18.6%, supported by higher cane acreage and yields.
- Over 40% of India’s IT & gig workforce has adopted AI tools, improving employability and productivity.
- Tractor sales hit an all-time high in October, boosted by GST cut and favorable monsoon conditions.
- State-run firms plan a $1 billion debt issuance, taking advantage of easing interest rates.
🏦 Policy & Energy
- A government panel urged restoring APM gas allocation for CNG sector and bringing natural gas under GST to ensure parity.
- India cuts Russian crude oil imports for December, adjusting sourcing amid new US tariffs.
🌏 Global / World
- US President Donald Trump said a US–India trade deal is “pretty close”, indicating reduced need for further talks.
- UBS forecasts India’s FY27 GDP growth at 6.4%, driven by domestic demand and a favorable US–India trade pact.
- Global EV sales rose 23% YoY in October, marking strong momentum for electric mobility.
- AMD expects the data center chip market to grow to $1 trillion by 2030, led by AI infrastructure demand.
- Dollar weakened as traders priced in a possible December Fed rate cut after soft US jobs data.