Global Scans · India · Weekly Summary

WHAT'S NEXT?: India's ambitions, particularly in technology and economic growth targets promise much from this populous country determined to be a world leader.

• [New] India remains a global bright spot, underpinned by infrastructure investment and strong domestic demand, with GDP growth projected at 6.6% in 2025 and 6.5% in 2026, following a 6.7% advance in 2024. MIT OpenCourseWare
• [New] By effectively leveraging targeted government schemes, public-private partnerships, and digital transformation, India's MSMEs can unlock their full potential and play a central role in achieving inclusive and resilient economic development. IASbaba
• [New] Global South's Emergence: Emerging nations like India, which tested an anti-satellite missile in 2019 and plans to launch astronauts in 2025, are expanding their space capabilities (CSIS Analysis). SSBCrack News
• [New] In the short term, the FTA is expected to drive a sharp rise in trade volumes: more Indian garments, home textiles, and technical fabrics in UK stores, and increased visibility of British fashion and specialty textiles in India. Fibre2Fashion
• [New] India's ~ $300 million in home textile exports to the UK could rise to ~ $ 400-500 million in the medium term, driven by increased share in mid-to-premium segments. Fibre2Fashion
• [New] S&P Global expects India's domestic demand growth to be more resilient compared to exports. IBPS Guide
• [New] The Iran-Israel war will have major geopolitical reverberations that will be felt for years throughout the world, including South Asia, particularly India and Pakistan - both of which have nuclear weapons. The Diplomat
• [New] Union Power Minister Manohar Lal Khattar declared that Bihar will soon have its first nuclear power plant, making it one of the first six Indian states to be included in the rollout of Small Modular Reactor (SMR) - based energy systems. SSBCrackExams
• [New] Boost to Gaganyaan & Space Station Plans: Mission complements India's ambition to launch its own crewed space mission and build an Indian space station by 2035. INSIGHTS IAS - Simplifying UPSC IAS Exam Preparation
• [New] Global Commodity Price Softening: While still subject to geopolitical risks, a general softening in global commodity prices (especially crude oil, which India heavily imports) has also provided some relief on the imported inflation front. Serrari Group - Serrari | Finance Tips, Tools, Macro &
• [New] Indian sectors fear that cheaper GM imports will hurt local producers, depress prices, and threaten rural employment. Raman Academy
• [New] A long-term, multi-pronged strategy is essential for India to ensure supply security, minimize strategic vulnerabilities, and position itself as a global player in the critical minerals value chain. Raman Academy
• [New] Sea level rise on both Pacific and Indian Ocean sides of Asia exceeded the global average, posing serious risks to low-lying coastal areas. kp ias academy
• [New] A recent report by the Ministry of Electronics & IT, India's AI Revolution: A Roadmap to Viksit Bharat, estimates that India will require 1 million AI professionals by 2026. Yourstory
• [New] Hyundai Motor India reiterated the confidence in export momentum and expects a gradual improvement in domestic demand in the coming months, on the back of receding geopolitical risks and improving macroeconomic conditions. Stocktwits
• [New] Indirect Impact via China: Even if India does not import Iranian oil (due to US sanctions), any disruption in Iran's supply to China will push Chinese demand to India's suppliers, tightening global supply and raising prices. Compass by Rau's IAS
• [New] President Trump's new wave of tariffs has prompted fears that redirected supply - particularly from China, Turkey and India - could overwhelm smaller markets like the UK. Business Matters
• [New] Geopolitical developments will play a major role in shaping medium-term growth for India and the world. Mint
• [New] With India's projected GDP growth pegged between 6% and 7% for FY2025 - 2026, bolstered by sustained capex, strong domestic demand, and public-private partnerships, leading Indian brands are well-positioned to capitalise on opportunities, even as they navigate global volatility. Brand Finance
• Sectoral Disruptions: Droughts disrupt hydropower generation & inland water transport (e.g., Panama Canal), countries like India & Australia are at high risk. PMF IAS

Last updated: 29 June 2025