AGP Executive Report
Last update: 11 hours agoConnected Mobility & Standards: L&T says India needs a single sovereign standard for vehicle-to-everything (V2X) data, arguing the government lacks a credible domestic scaled alternative. Industrial Pulse: India’s Index of Industrial Production rose 7.3% in June, led by manufacturing (+7.8%) and electricity/gas (+10.6%), with capital goods growing fastest (+14.2%). Auto Manufacturing Expansion: Maruti Suzuki began commercial production at Plant D in Hansalpur, Gujarat, lifting the site to 10 lakh annual units and adding the e VITARA line; total capacity now 2.9 million units. Semiconductors & R&D: Marvell will invest $250 million in India over three years, doubling its workforce and expanding Bengaluru/Hyderabad engineering for AI and data infrastructure. Energy Transition: Brookfield launched Lumara, a ~$600 million platform to accelerate solar-wind-storage projects amid approvals and grid delays. Trade & Policy: India’s structural reforms lifted its global pro-competitive ranking from 82nd to 57th (2010–2023). Gold Demand: Gold demand fell 6% YoY in Apr-Jun 2026 to 131.4 tonnes as higher duties and softer sentiment weighed. Maritime Security: India urged de-escalation in West Asia and condemned attacks on commercial vessels near the Strait of Hormuz.
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