Economy

News on Indian Economy

India’s Exports Rise 13.17% to $80.45 Billion in January 2026, Driven by Strong Services Growth

Government officials have pointed out that India’s export performance is taking place in a challenging international environment marked by slowing economic growth in some developed economies, disruptions in global trade routes, and continuing geopolitical tensions in key regions. Despite these headwinds, India has managed to maintain a stable trajectory in its export sector by diversifying markets, strengthening trade partnerships, and expanding its manufacturing and services capabilities.

Kathua in J&K Emerges as New Pharmaceutical Hub as ₹600-Crore Orchid Pharma Facility Takes Shape

The project is being developed by Orchid Pharma with facilitation support from the Biotechnology Industry Research Assistance Council (BIRAC), which operates under the Department of Biotechnology, Government of India. The initiative is being supported through the Government’s Production Linked Incentive (PLI) scheme aimed at strengthening domestic manufacturing capacity in critical sectors.

India Moves Toward Satellite Life-Extension Technology with Support for OrbitAID

The support is aimed at developing indigenous on-orbit satellite docking and refueling technology, a critical capability that can extend the operational life of satellites already operating in space. The project, titled “Development of Docking and Refueling Systems for In-Space Life Extension of Satellites,” reflects the Government of India’s broader vision of encouraging private participation in the space sector while strengthening domestic capabilities in advanced space technologies.