💹 Economy & Policy
• India’s industrial growth remained steady at 4% in September, led by manufacturing recovery and robust infrastructure output.
• 8th Central Pay Commission to submit its report within 18 months, effective January 2026, benefiting nearly 12 million employees and pensioners — a potential boost to consumption demand.
• India poised to become the world’s second-largest oil refiner by 2035, driven by sustained energy investment and rising domestic demand.
🏦 Companies & Sectors
• GST relief has triggered a car upgrade wave, with buyers shifting to premium and EV models; auto sales expected to post record highs this festive season, according to a new study.
• FADA projects this could be India’s best festival season ever, with broad-based growth across passenger vehicles, two-wheelers, and commercial segments.
• IndianOil to continue sourcing Russian crude through non-sanctioned trade channels, ensuring supply stability amid evolving sanctions.
• A major Andaman oil and gas discovery could transform India’s energy landscape, reducing long-term dependence on imported hydrocarbons.
🌏 Global Developments
• Global sentiment remained upbeat, supported by strong U.S. corporate earnings and easing trade frictions.
• Asian economies showed resilience, reflecting optimism around India’s growth outlook and global demand recovery.