In this edition:
  • Market overview: India market update
  • GST 2.0: A reform to accelerate India’s growth trajectory
  • Indian IT sector: Resilience AMID global policy shifts 

India’s economy remained broadly stable in August, even as the MSCI India Index posted a modest decline and sector performance varied widely.

Policy developments took centre stage with the rollout of GST 2.0, which simplifies the tax structure, aims to improve compliance, and supports formalisation through digital integration. In the corporate sphere, the IT sector continued to adapt to global labour policy changes, reducing reliance on U.S. visa programmes, increasing local hiring, and expanding its role as a hub for Global Capability Centres.

With valuations becoming more balanced and macro indicators steady, how might these shifts in taxation, trade, and corporate strategy shape India’s economic outlook 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 29 September 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: 29 September 2025
Doc ID: 4850735