News on Indian Economy
The Next-Generation Corvette programme is intended to provide the Indian Navy with a new class of high-speed, versatile surface combatants capable of undertaking a broad range of maritime security and combat operations.
Bhandara is popularly known as the “Rice Bowl of Maharashtra”, owing to its extensive paddy cultivation and established rice-processing industry. The district supports several traditional aromatic varieties, including Chinoor, Dubhraj and Kalikammod. Among these, Chinoor has developed a distinct reputation for its pleasing aroma, attractive grains and cooking qualities.
Domestic tourist visits to India’s eight northeastern states increased from 95.65 lakh in 2019 to approximately 1.51 crore in 2025, reflecting growing interest in the region’s natural landscapes, cultural heritage and adventure tourism. The Ministry of Tourism highlighted the development during the inauguration of the 14th International Tourism Mart in Tawang, Arunachal Pradesh, on October 29, 2026.
Strong Growth in Europe, ASEAN, Latin America and Africa Supports Indian Pharmaceutical Exports as Industry Expands Global Markets and Advanced Drug Manufacturing Capabilities
The Indian Air Force is reportedly examining Shield AI’s V-BAT vertical take-off and landing unmanned aircraft as a potential surveillance platform. The development comes after the Indian Army selected the American-made system and JSW Defence partnered with Shield AI to establish domestic manufacturing capabilities for advanced autonomous aircraft.
Built by Larsen & Toubro with Over 75% Indigenous Content, the Indian Navy’s New Multi-Purpose Vessel Will Support Autonomous Naval Systems, Advanced Weapons Trials and Maritime Security Operations
Bengaluru-Based Defence Electronics Manufacturer Wins Initial European Order for Indigenous Precision-Guidance Technology, Opening Opportunities for Larger Export Contracts
Larsen & Toubro and BAE Systems have commenced manufacturing the BvS10 Sindhu articulated all-terrain vehicles at Hazira in Gujarat. The Indian Army’s initial order of 18 vehicles is expected to strengthen military mobility across the high-altitude regions of Ladakh and the challenging desert and marshland terrain of Kutch, with deliveries scheduled to begin in March 2027.
Fresh Procurement Initiatives at Koraput and Nashik Create Opportunities for Domestic Aerospace Suppliers and Support India’s Defence Manufacturing Supply Chain
The Indian Navy is advancing its interest in directed-energy weapons, including high-power lasers and microwave systems, to counter emerging drone threats. The development could reshape future warship designs by increasing the importance of onboard electrical generation, energy storage, power management and cooling technologies.
