India to grow at 7% in FY27 as next phase of growth hinges on infra and deeper capital markets: S&P Global - Asia Insurance Post

• India's finance ministry projected economic growth of 7.3% for the second quarter of fiscal year 2027 in its Monthly Economic Review released Thursday. • The report stated that policymakers must ensure the economy is more competition-friendly rather than just business-friendly to maintain growth.

• Asian equity markets rallied on October 1, led by a surge in Japan's Nikkei 225 and gains in South Korea and Taiwan. • Micron Technology reported that customer financial commitments under long-term supply agreements rose to $32 billion from $22 billion in June.

• New World Development reported a full-year net loss of HK$28.15 billion, a sharp increase from the HK$16.3 billion loss recorded the previous year. • The company's revenue reached HK$19.99 billion, failing to meet the estimated target of HK$26.58 billion.

• Major European stock markets opened mostly higher on Wednesday as investors reviewed new economic reports. • Traders analyzed data including the United Kingdom's GDP report, French inflation figures, and German retail sales.

• The S&P/ASX 200 is expected to decline on Thursday, October 1, following a sudden selloff in United States stock markets. • Spain's inflation reached 5%, while France and Italy also reported higher-than-expected price increases.

• Discovery expects its merger to close on October 6 and has named Ynon Kreiz as co-CEO of the combined company. • Paramount Skydance priced USD 41.4 billion and EUR 885 million in senior secured notes alongside USD 8.5 billion and EUR 850 million in Term Loan B financing.

• The Indian stock market plunged on Thursday, with the Sensex and Nifty 50 indices both falling by more than 1%. • This decline marks the fourth consecutive session of losses driven by massive foreign institutional investor outflows and soaring bond yields.

• Japanese chipmakers saw their stock prices rise following a positive earnings report from U.S.-based Micron Technology. • The rally was driven by increased investor confidence in the artificial intelligence trade after Micron's financial results.

• Singapore led gains among Asian stocks in the third quarter of 2026, while South Korea lagged behind. • The U.S. dollar rose approximately 2% in September, creating a typical headwind for markets across the region.

• Nitin Bhasin of Ambit stated that India is currently failing to excite Foreign Institutional Investors (FIIs) due to headwinds that are not yet fully reflected in market prices. • Bhasin predicts the Nifty index will likely remain within a narrow range of plus or minus 5 per cent from current levels over the next 12 months.

• US monetary tightening is creating a deepening economic divide between Asian countries with low inflation and those facing heavy deficits and spiraling prices. • Markets with high financial weightings stand to benefit most, including Singapore at 47 percent, Hong Kong at 32 percent, Malaysia at 31 percent, and India at 26 percent.