News on Indian Economy
The eight-point increase in the Business Confidence Index marks a change in the direction of business sentiment after a prolonged period of moderation. Companies entered the second quarter with greater confidence in economic conditions and their ability to sustain commercial activity over the following six months.
According to FITT, IIT Delhi, the system enables tank operators to identify friendly targets through the use of existing Laser Range Finder equipment. This approach is particularly relevant to armoured warfare, where crews must make identification decisions while operating under demanding conditions.
Addressing the summit, Ashwini Vaishnaw expressed confidence that India would develop mobile phones designed and manufactured in the country and marketed under Indian-owned brands by October 2028. The minister’s remarks highlighted the transition India is seeking from large-scale electronics production towards domestic ownership of technology and finished products.
Railway Minister Ashwini Vaishnaw stated that India has made substantial progress in developing domestic manufacturing capabilities for tunnel boring machines. Equipment that previously depended heavily on international suppliers is increasingly being manufactured within the country.
Prime Minister Modi stated that more than half of the world’s Global Capability Centres operate in India, reflecting the country’s established position in international business and technology services. These centres, established by multinational corporations, perform specialised functions that support their global operations, ranging from information technology and financial management to engineering, research and product development.
During their bilateral meeting, Piyush Goyal and Katherina Reiche reviewed opportunities for closer industrial collaboration between India and Germany. Their discussions highlighted the potential of the India–EU Free Trade Agreement to expand bilateral trade, encourage investment and create new opportunities for businesses in both economies.
RUCK GmbH, headquartered in Eschweiler, Germany, specialises in developing ophthalmic surgical systems and associated medical technologies. Established in 1981, the company has built expertise in equipment designed for surgical procedures involving both the anterior and posterior segments of the eye.
Nagri Dubraj received formal recognition under India’s Geographical Indications (GI) system, with its registration certificate issued on 31 January 2023. The recognition established its identity as a geographically associated agricultural product and strengthened efforts to conserve one of Chhattisgarh’s distinctive aromatic rice varieties.
The Russian State Duma approved the agreement on October 1, 2026, followed by the Federation Council on October 2. President Putin subsequently signed Federal Law No. 339-FZ on October 12, completing Russia’s legislative ratification process.
Rosatom Automated Control Systems manufactured and supplied approximately 300 equipment items for the safety control systems of Kudankulam Units 3 and 4. The equipment includes four sets of computerised safety control systems for each reactor, corresponding to the four independent safety instrumentation and control channels.
