GDP Growth Upward
The World Bank made adjustments to India's Fiscal Year 2026 GDP growth forecast, increasing it to 6.5%. This revision is based on the strength of domestic
demand and the beneficial effects of Goods and Services Tax (GST) 2.0. Also, it's worth noting the Reserve Bank of India (RBI) Governor, Sanjay Malhotra, affirmed that there were no plans to impose charges on Unified Payments Interface (UPI) transactions.
IPOs and Investments
The article also highlights the IPO landscape, focusing on the Tata Capital IPO, which had its price band set at ₹310-326, and the LG Electronics India IPO, with a price band of ₹1,080-1,140. Furthermore, the WeWork India IPO was mentioned, noting the subscription levels and the fixed price band of ₹615-648. In terms of investments, India is among the leading Asia-Pacific (APAC) markets for cross-border investments. The report mentions that the Navi Mumbai International Airport is nearing its launch, which is expected to trigger a real estate boom in Panvel, Ulwe, and Kharghar areas.
Market and Sector
The piece also touches upon market indicators, such as the Sensex rising by 137 points, with the Nifty above 25,100. Moreover, it discusses sector-specific performances, including metal stocks, like NALCO, Tata Steel, and Jindal Stainless, experiencing gains. The report also noted that the festive season and GST incentives drove a surge in auto sales in September 2025, with companies like Tata and Royal Enfield achieving record-high sales figures.
Real Estate Trends
The report reveals significant developments in the real estate sector. Housing sales in Mumbai and Pune nearly doubled post-COVID. A new township is coming up in NCR, situated between two expressways, potentially boosting the local real estate market. Additionally, the Housing prices in Delhi-NCR jumped by 24% during July-September 2025, highlighting the market's growth. A premium project named 'The Clermont' was launched in Mohali by ONE Group, targeting ₹400 crore in revenue.
Gold, Taxes, and Loans
The report analyzed the movement in the financial market. It presented that gold prices hit a record high and subsequently dipped, with city-wise rates provided. Also, it mentioned the RBI's measures, proposing rupee lending to Nepal, Bhutan, and Sri Lanka to foster cross-border trade. The report also covers tax-related topics, such as the income tax audit due date extension until October 31 and the guidelines related to claiming tax rebates on special-rate incomes, as clarified by the CBDT. Also, there were changes in the gold and silver loan rules.
Banking and Finance
The financial landscape is undergoing several changes, including banks' Q2 business updates, with HDFC posting a 9% loan growth. Also, the RBI is set to adopt a risk-based deposit insurance premium for banks, signaling a shift from the flat-rate regime. In a move aimed at customer convenience, cheques are set to clear within hours starting October 4, reducing the previous 1-2 day waiting period. IOB waived the minimum balance penalty from October 1, and various other banks were evaluated based on their services.
