Daily Current Affairs for CAT, XAT & MBA GDPI – January 22, 2026
Indian Economy & Policy
ET@Davos 2026: India could become the world’s biggest economy within decades, says David Rubenstein
India is poised to become the world's largest economy within two to three decades. This projection comes from David Rubenstein, cofounder of Carlyle Group. He also noted positive US-India relations and discussed US-China trade dynamics. Rubenstein advised Indian policymakers to embrace global private credit and equity investments to foster local entrepreneurship and retain talent within India.
Davos: Swiss firms’ interest in India surges after EFTA trade deal
A wave of Swiss business enthusiasm is sweeping towards India, following the recent Trade and Economic Partnership Agreement with the European Free Trade Association. The number of investment inquiries and advisory support requests has skyrocketed, more than doubling in frequency.
Indian Politics & Governance
India ‘stopped’ buying oil from Russia, claims U.S. Treasury Secretary
“India started buying Russian oil after the (Ukraine) conflict began, but President Trump put a 25% tariff on them, and India has geared down and has stopped buying Russian oil,” says Mr. Bessent
Essential to forge alliance with Left, Congress at the earliest to defeat Trinamool, BJP, says Nawshad Siddique
The Communist Party of India (Marxist) led Left Front, Congress and ISF had forged an alliance with the ISF in the 2021 Assembly polls but the alliance did not result in much electoral success
Geopolitics (India Focus)
India ‘stopped’ buying oil from Russia, claims U.S. Treasury Secretary
“India started buying Russian oil after the (Ukraine) conflict began, but President Trump put a 25% tariff on them, and India has geared down and has stopped buying Russian oil,” says Mr. Bessent
India, E.U. agree to sign security and defence partnership next week: Kaja Kallas
Kallas noted that the E.U. is among India’s largest trading partners and described India as “indispensable” to Europe’s economic resilience
Indian Stock Market & IPOs
Rupee may slip past 92.25 next week as FPI outflows, trade war bite: Anindya Banerjee, Kotak Securities
The Indian rupee may weaken further and breach 92.25 amid sustained FPI outflows, rising global yields and trade-war pressures, warns Kotak Securities’ Anindya Banerjee. While RBI intervention continues, markets are watching the Union Budget for cues that could stabilize the currency and revive investor confidence in a volatile global environment.
Rs 19,000 crore FII selloff: Banks, IT, FMCG worst hit. Metals only bright spot
Foreign institutional investors have divested Rs 19,015 crore from Indian equities in early 2026, heavily impacting banks, IT, and FMCG sectors. Metals, however, emerged as a bright spot, attracting significant foreign inflows. Despite the sell-off, domestic brokerages see opportunities in diversified financials, banks, and healthcare.
Marketing, Brands & Consumer Trends
India’s wealth boom sparks M&A frenzy as banks chase affluent clients
Bernstein estimates India’s serviceable wealth will triple from $3 trillion in FY25 to $9 trillion by FY35, fuelling a wave of acquisitions and partnerships in the wealth management sector.
Telecom regulator TRAI reviews pricing issue in deploying network at Navi Mumbai International Airport
Telecom Regulatory Authority of India (TRAI) is examining the pricing issues which the companies are facing in deploying a network at the Adani Group-owned Navi Mumbai International Airport (NMIAL).
Sports (Business & Governance)
India are incomplete without Pandya, says Aakash Chopra
Chopra added that the team management must use the series to finalise their balance
Relentless, but also calculating: How Abhishek Sharma reiterated his status as India’s most important batting weapon going into the World Cup