The United Nations Conference on Trade and Development (UNCTAD) has expected India's economy to grow 7.0% in calendar year 2018 compared with 6.2% in 2017. As per the report "Trade and Development", the effects of demonetization are still evident in private consumption trends within the economy. It also emphasised that countries like India and Thailand, which have been most favoured by foreign investors and experienced the largest spike in asset prices, would be most vulnerable to capital outflows. Further, countries like India which are dealing with Current Account Deficits (CAD) have a tendency of reducing imports. This assumes significance in the wake of India putting in place measures to control the rising CAD and capital outflows.

Swargate Multimodal Hub' in Pune, Maharashtra CM Devendra Fadnavis arrived at Jalgaon, attending the Jan Jati Sammelan organised by Krantikari Khajyaji Naik Smruti Sanstha at Dharangaon. Kranti Kari Khajyaji Naik gave immense contribution during the freedom struggle. CM Fadnavis approves Rs 15 crores for the memorial of Krantikari Khajyaji Naik in Maharashtra.

The CCEA has approved Rs 2,790 crore interest subvention for extending loans by banks to sugar mills. This is in addition to Rs 1,332 crore already approved by the Cabinet Committee on Economic Affairs (CCEA) in June 2018. The interest subvention is for extending loans of Rs 12,900 crore by banks to sugar mills under the scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity.

Stock market of Hong Kong has surpassed Japan to become the world's third most valuable market. Now Hong Kong's stock market is behind the US and China. Hong Kong's market value stood at $5.78 trillion, surpassing Japan's market value at $5.76 trillion tally for the first time since 2015. Hong Kong's Hang Seng Index has increased by 17 percent this year. Topix Index of Japan advanced at 8.3 percent in this period.

Thirty-eight pacts worth $5 billion were signed among 20 technology providers, capital goods manufacturers and steel producers, which will give impetus to the manufacturing of capital goods for the iron and steel industry. Of the 20 companies who exchanged the MoUs, about 12 are foreign players. The MoUs were signed at a conclave on Capital Goods for Steel Sector, manufacture in India, organised by Confederation of Indian Industry (CII) jointly with Mecon and Steel Ministry.