🇮🇳 India

As of 2026-11-12

Geopolitics & Diplomacy

Protests over India's electoral roll revision, about 700 detained
The "Cockroach Janta Party" and opposition parties protested in New Delhi and Mumbai on 2 October demanding the resignation of the Chief Election Commissioner, and Delhi police reportedly detained about 700 people. Amnesty International criticised this as a violation of rights of assembly and freedom. There are reports that more than 130 million names have been deleted from the rolls since 2025. The RBI rate decision is scheduled for 5-7 October.
Sources: amnestyusa.org dailysabah.com

Nifty at 22,520.45 (+1.30%) on 9 October, India VIX at 14.35
Two days after the RBI's 25bp hike, the Nifty rebounded 288.65 points and India VIX fell 6.07%.
Sources: jmfinancialservices.in
RBI raises repo rate 25bp to 5.50%, shifts stance to "calibrated tightening"
The RBI's MPC raised the repo rate unanimously from 5.25% to 5.50% on 7 October. It was the first hike since February 2023, and the stance was changed from neutral to calibrated tightening, with FY27 growth projected at 7.1%. The backdrop is oil above $100, a weak monsoon and a weak rupee. The Sensex closed at 72,638.70 (-0.59%) and the Nifty at 22,603.05 (-0.76%), and the rupee hit a five-month low of about 96.77 per dollar.
Sources: etvbharat.com aninews.in

UAE's G42 to deploy 8-exaflop sovereign AI supercomputer in India as post-SEMICON investment continues
Just after SEMICON India 2026 (17-19 September, New Delhi, about 600 companies), the UAE's G42 announced it will deploy an 8-exaflop AI supercomputer in India, to operate under Indian-jurisdiction data governance as a sovereign infrastructure asset of India's AI Mission. Prime Minister Modi said India now has five chip assembly and packaging plants in commercial production and reaffirmed $13.5 billion for the second phase of the India Semiconductor Mission (ISM 2.0), while Tata Electronics' 300mm Dholera fab is under construction with operations targeted for 2028.
Sources: g42.ai businesstoday.in