AGP Executive Report
Last update: 4 hours agoBanking Deal: Fairfax has been selected to buy a 60.72% stake in IDBI Bank for about $5.6 billion and plans to combine it with its Indian insurance and investment businesses; approvals are still required. Chairman Prem Watsa says the bet reflects confidence in India’s growth over the next decade. Digital Economy: Ahead of its IPO, Jio unveiled plans to expand across mobile, broadband and enterprise services, and export its technology stack. Trade: India says the first tranche of its US trade pact is in legal drafting, with implementation tied to securing an edge over competing exporters. Canada’s trade mission to India secured about 30 partnerships worth $300 million as both countries pursue a trade deal. Exports: September merchandise exports rose 23% year on year to $44.4 billion, while the trade deficit widened from August to $30.21 billion but was below a year earlier. Growth Outlook: The IMF raised its 2026 growth forecast for India to 7% and projects the economy will overtake Japan as the world’s fourth-largest in 2027. Manufacturing: Stellantis plans to invest ₹4,000 crore and launch 12 Jeep and Citroën models in India by 2030.
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