๐ India & World News — 12 October 2025
1. India and Australia expand submarine defence cooperation
India and Australia announced plans to deepen partnership in submarine rescue and defence industry collaboration. The agreement includes joint exercises, technology sharing, and infrastructure for submarine rescue operations. Strengthening undersea capabilities is seen as critical amid rising maritime competition in the Indo-Pacific. Source: Reuters. ([turn0search37](https://www.reuters.com/world/asia-pacific/australia-india-boost-submarine-rescue-defence-industry-cooperation-2025-10-09/?utm_source=chatgpt.com))
2. India halts new investments in silver ETFs as rates spike
UTI Asset Management announced it will temporarily stop new lump-sum and switch-in investments into its Silver ETF fund, citing concerns about supply and soaring silver prices. This follows a similar move by Kotak Mahindra. Investors are watching to see how markets respond to these supply pressures. Source: Reuters. ([turn0search19](https://www.reuters.com/business/indias-uti-asset-management-halts-new-investments-silver-etf-2025-10-11/?utm_source=chatgpt.com))
3. Modi meets Qualcomm CEO to push AI & semiconductor ties
Prime Minister Narendra Modi held a meeting with Qualcomm’s CEO Cristiano Amon to accelerate partnerships in AI, semiconductors, and chip manufacturing. India aims to reduce reliance on imports and strengthen its global tech footprint by attracting investment in design, fabrication and innovation. Source: Reuters. ([turn0news45](https://www.reuters.com/world/india/indias-modi-meets-qualcomm-ceo-discusses-ai-innovation-2025-10-11/?utm_source=chatgpt.com))
4. India breaks record in Test match — stellar top-order performance
India declared their innings at 518 for 5 against West Indies, led by Yashasvi Jaiswal’s 175 and Shubman Gill’s unbeaten 129. The team also set a 65-year-old Test record by posting 50+ run partnerships for each of the first five wickets — a rare display of consistency and dominance. Sources: Reuters / Economic Times. ([turn0news38](https://www.reuters.com/sports/cricket/india-declare-518-5-against-west-indies-2025-10-11/?utm_source=chatgpt.com), [turn0news43](https://m.economictimes.com/news/sports/india-break-65-year-old-test-record-in-the-second-match-against-west-indies/articleshow/124474433.cms?utm_source=chatgpt.com))
5. US Ambassador Gor meets Modi; discusses trade, tech ties
U.S. Ambassador Sergio Gor visited Prime Minister Modi in New Delhi to engage on critical issues like trade barriers, defence, critical minerals, and technology collaboration. The meeting comes amid rising tariff pressures and global strategic competition. Source: Reuters. ([turn0news42](https://www.reuters.com/world/india/us-ambassador-india-gor-says-he-discussed-bilateral-issues-with-pm-modi-2025-10-11/?utm_source=chatgpt.com))
6. India tipped to contribute 20% of global GDP growth: official forecast
According to the government, India is poised to drive about one-fifth of global GDP growth in coming years, due to strong domestic demand, robust infrastructure investment, and resilient macro policies. Analysts see this as a sign of India’s increasing weight in the world economy. Source: Times of India. ([turn0news44](https://timesofindia.indiatimes.com/business/india-business/india-poised-to-drive-one-fifth-of-global-gdp-growth-resilient-to-external-shocks-shaktikanta-das/articleshow/124476788.cms?utm_source=chatgpt.com))
7. UK’s Starmer to attend Gaza summit in Egypt, push peace accord
UK Prime Minister Keir Starmer will head to Egypt’s Sharm el-Sheikh for a peace summit aimed at ending the Gaza war, joining leaders including Trump, Egypt, Qatar, and Turkey. The agenda includes ceasefire implementation, prisoner exchanges, and humanitarian access. Source: Reuters. ([turn0news46](https://www.reuters.com/world/uk/uk-pm-starmer-attend-middle-east-peace-summit-egypt-2025-10-11/?utm_source=chatgpt.com))
8. Egypt hosts global leaders to finalize Gaza war agreement
Egypt is convening an international summit in Sharm el-Sheikh to finalize a mediated deal aimed at ending the Gaza war. Over 20 world leaders—including U.S. President Trump—are expected to attend, focusing on ceasefire, reconstruction, and governance frameworks in conflict zones. Source: Reuters. ([turn0news47](https://www.reuters.com/world/middle-east/egypt-convene-global-leaders-including-trump-sharm-el-sheikh-gaza-war-agreement-2025-10-11/?utm_source=chatgpt.com))
9. World Bank warns U.S. tariffs will slow South Asia growth next year
The World Bank is cautioning that sweeping U.S. tariffs on Indian exports may cause South Asia’s growth to slow from 6.6% in 2025 to around 5.8% in 2026. The tariffs, especially on labor-intensive goods, threaten to pressure Indian manufacturing and export growth. Source: Reuters. ([turn0news52](https://www.reuters.com/world/india/world-bank-warns-us-tariffs-indian-exports-slow-south-asia-growth-next-year-2025-10-07/?utm_source=chatgpt.com))
10. India-UK joint statement strengthens trade & defence roadmap
During UK PM Starmer’s visit, India and the UK issued a joint statement reaffirming their strategic partnership. They committed to ratifying the Comprehensive Economic and Trade Agreement (CETA), resetting a Joint Economic & Trade Committee (JETCO), and emphasizing shared values in global diplomacy. Source: UK Government press release. ([turn0search1](https://www.gov.uk/government/news/india-uk-joint-statement-9-october-2025))
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