📊 Economy / Policy 🏦
• 💰 GST collections moderated to ₹1.7 lakh crore in November after rate cuts
Reflects short-term revenue impact, though consumption momentum remains steady
• 📉 IIP growth fell to a 14-month low of 0.4% in October
Weak industrial output signals near-term pressure on manufacturing activity
• 📱 India to mandate a government security app on all new smartphones
Aims to curb cyber fraud and strengthen digital safety norms
• 🏦 RBI expected to cut repo rate by 25 bps on Dec 5
Rate-sensitive sectors like autos, realty and banks may see near-term sentiment boost
• ⚡ India crosses 500 GW power capacity, with 50% from non-fossil sources
Solar (127 GW) and wind (53 GW) lead; renewables met 51.5% of peak-day demand
• 🔌 Power generation declined 1% YoY in November, second straight monthly drop
Lower industrial demand and mild weather impacted electricity output
• 🛡️ Defence production hit a record ₹1.54 lakh crore in FY25
On track for ₹3 lakh crore by 2029; defence exports up 12% in H1 FY25
🏢 Companies 💼
• 🚗 Maruti Suzuki posted record monthly sales of 229,021 units in November (+26% YoY)
Boosted by GST rate cuts and strong domestic demand
• 🚘 Auto sector saw broad-based growth: Tata Motors (+25.6%, EV +52%), Mahindra (+19%), Hyundai (+9.1%)
GST reforms and festive momentum driving multi-segment demand
• 💊 Pharma sector gross sales hit ₹88,241 crore, a 4-year high
Stronger domestic demand and stable export markets support recovery
• 🏭 Syrma SGS begins groundwork for a new PCB manufacturing plant in Andhra Pradesh
Strengthens domestic electronics and semiconductor supply chain
🌍 Global / World 🌐
• 🌏 Global trade headwinds, especially US tariffs, weighing on Indian manufacturing
Contributing to lower power demand and muted industrial output