1. India and Russia Sign Vision 2030 Economic Pact
India and Russia have signed a Vision 2030 Economic Partnership during President Vladimir Putin’s visit to New Delhi, aimed at strengthening trade ties amid rising US tariffs. The agreement targets $100 billion in bilateral trade by 2030, expanding cooperation beyond energy into manufacturing, agriculture, and technology.
Key Focus Areas:
- Energy Security: Continued discounted crude and gas supplies from Russia.
- De-dollarisation: Trade in rupees and rubles with integrated digital payment systems.
- Market Access: Fast-tracking an FTA with the Eurasian Economic Union.
- Strategic Collaboration: Joint projects in pharma, fertilizers, nuclear energy, and maritime logistics.
- Mobility & Tourism: Easier visas and workforce movement.
The deal comes as India faces higher US duties and Russia navigates sanctions. Analysts expect a 10–15% rise in bilateral investments and positive spillovers for Indian markets through stable energy prices and diversified trade channels.
2. US Trade Team to Visit India for Talks
A US delegation led by Deputy Trade Representative Rick Switzer will visit India next week to advance ongoing trade negotiations. Both nations aim to finalize a phased trade deal addressing high tariffs that have pressured India’s key export sectors. Officials remain cautiously optimistic about reaching a framework agreement soon
3. Q2 FY26 GDP Surges 8.2%, Fastest in Six Quarters
India’s economy posted robust growth of 8.2% in the July–September quarter (Q2 FY26), beating forecasts and recording its fastest expansion in six quarters. The strong momentum follows a 7.8% growth rate in the previous quarter, further solidifying India’s position as the world’s fastest-growing major economy, outpacing China’s 4.8% growth.
4. IndiGo Cancels 1,000+ Flights Nationwide
IndiGo cancelled over 1,000 flights between December 5–6 due to pilot shortages, new rest rules, and tech issues. The DGCA has granted exemptions until February 2026, and IndiGo will issue full refunds. With a 64% market share, the disruption could cost the airline up to $500 million, even as international passenger traffic rises 13–15% and domestic growth remains modest at 4–6%.
5. JSW Group Announces $90 Million Investment in Military Drone Plant
JSW Group has unveiled a $90 million (₹750 crore) investment to set up a dedicated military drone manufacturing facility in India. The announcement comes amid record defence production of ₹1.54 lakh crore in FY25 (up 12% YoY) and exports worth ₹23,622 crore.
The project is expected to create around 5,000 jobs, attract further FDI—currently at $19.04 billion—and contribute to India’s targeted 6–8% GDP growth through high-tech manufacturing and exports.
6. Sagar Defence Engineering Inaugurates USV Manufacturing Facility in Pune
On December 1, Sagar Defence, in partnership with Boeing’s Liquid Robotics, opened India’s first facility for Uncrewed Surface Vehicles (USVs) like the Wave Glider, targeting naval applications. This bolsters maritime security, reduces import reliance (currently 70-75%), and contributes to ₹1.75 lakh crore FY26 production target, fostering 16,000 MSME jobs and ₹66,423 crore in investments via 289 MoUs.
7. Pharma and Healthcare Funding Reaches $38.6 Million in November
On December 3, investments hit $38.6 million across 10 rounds (down 71% MoM but up 34% YoY), led by Pandorum ($10M) and Mindtalk ($7.3M). This fuels US$50 billion medtech by 2030, reduces OOP <40%, and adds 2.5% GDP via 2.5% public spend, creating 6.3 million jobs.
8. Meesho Targets $5.6 Billion Valuation in December IPO
Meesho’s ₹5,421-crore IPO, open from December 3–5 at a ₹105–111 price band, received exceptionally strong investor interest. The issue comprises a 4,250-crore fresh issue along with an offer for sale. It closed with an impressive ~81.76×overall subscription, driven mainly by heavy QIB demand of nearly 123.34×, while non-institutional (39.85x) and retail categories (19.89x) also saw strong participation. Share allotment is scheduled for December 8, and the stock is set to list on December 10.
9. Freight Loading Rises 4.2% to 135.7 MT in November 2025
On December 2, Indian Railways reported 135.7 MT freight (vs. 130.2 MT YoY), led by 16% steel/9.7% iron ore, with cumulative 1,070.8 MT (3.3% up). Backed by ₹2.7 lakh crore FY26 capex and 98.83% electrification, this boosts exports and US$660 billion transport by 2030.
10. RBI Policy & Market Outlook
The RBI’s Monetary Policy Committee has delivered a 25 bps rate cut, reducing the repo rate to 5.25% while maintaining a neutral stance, signalling continued policy flexibility. The central bank also introduced key liquidity measures, including ₹1 lakh crore in OMO purchases and a $5 billion USD/INR swap, aimed at easing tight system liquidity.
The tone of the policy remains constructive, reflecting confidence in India’s macroeconomic fundamentals—supported by moderating core inflation, softer global commodity prices, and resilient domestic consumption.
11. Revised Macroeconomic Projections
CPI Inflation
| Period | Revised | Previous |
| FY26 | 2.0% | 2.6% |
| Q3 FY26 | 0.6% | 1.8% |
| Q4 FY26 | 2.9% | 4.0% |
| Q1 FY27 | 3.9% | 4.5% |
| Q2 FY27 | 4.0% | — |
GDP Growth
| Period | Revised | Previous |
| FY26 | 7.3% | 6.8% |
| Q3 FY26 | 7.0% | 6.4% |
| Q4 FY26 | 6.5% | 6.2% |
| Q1 FY27 | 6.7% | 6.4% |
| Q2 FY27 | 6.8% | — |
12. Market & Economic Implications
The combination of lower interest rates, improved growth expectations, and easing inflation creates a favourable backdrop for the economy. Lower borrowing costs and enhanced liquidity are expected to support credit growth and corporate capital expenditure, with tailwinds strongest in banks, housing and real estate, automobiles, and consumer discretionary sectors.
Equity markets are likely to react positively in the short term as the policy supports valuations and strengthens earnings visibility.
However, investors should remain mindful of external risks, including global growth uncertainty, currency volatility, and commodity price shocks, which could influence policy direction going forward.
Bottom Line
The RBI’s stance signals cautious optimism, balancing growth support with inflation discipline. Overall, the policy outcome is constructive for markets and supportive of India’s medium-term economic trajectory.
13. Kaynes Tech Falls as Kotak Flags Gaps
Kotak’s latest report pointed out multiple mismatches in FY2025 disclosures by Kaynes Technology and its related entities, leading to a sharp 6% decline in the stock. The discrepancies flagged by the brokerage have raised concerns among investors about transparency and reporting accuracy.
14. Rupee Breaches ₹90, Daily Costs Surge
The rupee’s fall past ₹90 is set to intensify pressure on household budgets. Costlier fuel, expensive imports, higher travel and education expenses abroad, and inflationary effects across essential goods may hit consumers hard. Businesses too face rising input costs, tightening economic stress further.
15. US Trade Team to Visit India for Talks
A US delegation led by Deputy Trade Representative Rick Switzer will visit India next week to advance ongoing trade negotiations. Both nations aim to finalize a phased trade deal addressing high tariffs that have pressured India’s key export sectors. Officials remain cautiously optimistic about reaching a framework agreement soon.
16. Adani to Invest $15 Billion in Airports
Adani Group plans to invest $15 billion to rapidly expand airport infrastructure across India by 2030. The upgrade aims to boost passenger handling capacity to 200 million annually. Key developments include new terminals, added taxiways, and an additional runway at the upcoming Navi Mumbai airport opening on December 25.
17. HUL Shares Drop After Kwality Wall’s Demerger
HUL’s stock adjusted sharply after the demerger of Kwality Wall’s India, opening lower in a special pre-open session and later falling nearly 7% to ₹2,286.70. The decline reflects market realignment as investors price in the separation of the newly demerged business entity.
18. SEBI Bars Influencer Avadhut Sathe, Orders Refund
SEBI has banned financial influencer Avadhut Sathe and his firm, ASTAPL, for allegedly running unregistered advisory services. The regulator ordered them to return ₹601 crore collected from over 3.37 lakh investors. Sathe’s institute has denied the charges, but SEBI’s action marks one of its toughest crackdowns yet.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.