Weekly Roundup PM Modi’s Israel Visit, Q3 GDP, and Market Trends
The last week of February 2026 brought several high stakes developments for the economy and domestic markets. These events will likely shape the final month of the 2025 to 26 fiscal year. Key highlights included Prime Minister Narendra Modi’s visit to Israel, India’s latest growth data, and a significant slump in the stock market led by IT shares.
On the global stage, US President Donald Trump made headlines with a record breaking speech, while regional tensions continued between Pakistan and Afghanistan.
PM Modi Strengthens Ties in Israel
Prime Minister Modi completed a successful two day visit to Israel. He was warmly welcomed by Prime Minister Benjamin Netanyahu, marking a period of strengthening trade relations between the two nations. The leaders celebrated their growing friendship and signed several new agreements focused on innovation and agriculture.
India’s Q3 GDP Shows Strong Growth
India’s economy grew by a robust 7.8% during the October to December quarter. This was the first set of data released under the government’s updated framework for calculating national output. The GDP base year has been shifted from 2011 to 12 to 2022 to 23 to better reflect modern production and demand patterns in the country.
IT Stocks Lead Market Decline
Indian stock markets faced a difficult week, with benchmarks falling for the third consecutive month. The decline was largely driven by the IT sector, which had its worst month since September 2008. Investors are increasingly worried that advancements in artificial intelligence could impact the future earnings of traditional IT companies. In February alone, the Nifty IT index plunged 19.5%.
Trump’s Record-Breaking State of the Union
In the United States, President Donald Trump delivered the longest State of the Union address in history. During the speech, he praised the work of his administration and outlined his future goals. Trump claimed his policies had transformed the US from a nation in crisis into the most successful country on Earth.
Tragic Plane Crash in Jharkhand
A tragic accident occurred on February 23 when a Beechcraft air ambulance crashed in Jharkhand. All seven people on board including the crew, a patient, and the patient’s relatives lost their lives. The plane, operated by Redbird Airways, had requested a path change due to bad weather before losing contact with radar.
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