The global geopolitical landscape in June 2025 remained volatile with Israel-Iran conflict, surprise invasion by US on Iran and other factors. India and the US are actively engaged in trade negotiations as the July 9 deadline comes near. On July 1, US President Donald Trump said that a deal between the two countries could be announced soon. According to reports, there are issues needing resolution relating to dairy and agricultural products.

India’s economy continues its robust ascent, retaining its status as the fastest-growing major economy with a projected FY25 GDP growth of 6.5%. Overtaking Japan, India is now the fourth-largest economy at $4.19 trillion. It is likely to surpass Germany by FY27, then becoming the 3^rd largest economy, next only to US and China.

Record GST collections of Rs 2.37 lakh crore in April and a narrowing trade deficit to $21.88 billion in May underscore resilience. India’s emergence as a data centre and semiconductor hub attracts significant FDI, reinforcing its global economic stature. June 2025 saw vibrant domestic activity, with the Sensex soaring 746.95 points to 82,188.99, reflecting market confidence. India is poised to become world’s largest satellite communication (Satcom) market, as the technology will play a key role in bridging last mile connectivity.

India is the world’s 3^rd biggest oil importer and consumer, imports more than 80% of its oil needs. It is exploring three new strategic reserves to strengthen energy security. India’s IPO’s market had its best-ever year in 2024, with $20.5 bn raised, second only to US. Indian firms are expected to raise $2.4 bn through IPOs in July. Our article (ET) on copying Kolhapuri chappals by Prada was reverberated globally.

On competition law, CCI has advanced its enforcement framework. CCI ordered investigations into ad agency price-fixing. Also, on a complaint by Birla Opus, launched a probe against Asian Paints, the market leader.