In this edition:
  • Market overview: India market update
  • India’s electronics revolution: From importer to global exporter
  • Indian equity landscape: A new frontier for global listings

India’s economy remained resilient in September, with the MSCI India Index posting modest gains despite mixed sector performance and widening trade pressures. Domestic demand stayed firm, inflation eased to multi‑year lows, and festive season momentum supported strong automobile sales, even as external headwinds emerged from new U.S. trade and visa measures.

Manufacturing took the spotlight with India’s rapid rise as a global electronics hub, now the world’s second‑largest mobile phone producer and a leading exporter to key markets. In capital markets, the listing of multinational subsidiaries underscored growing confidence in India’s regulatory framework and market depth.

With stable macro fundamentals and evolving sector dynamics, how might these developments influence India’s growth and investment landscape in the months ahead?

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Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 30 October 2025. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results. 

Date of first use: 30 October 2025
Doc ID: 4942438