News on Indian Economy
Developed as a compact, backpack-deployable loitering munition, the ALAKH Kamikaze combines First-Person View (FPV) surveillance, electro-optical and infrared imaging, encrypted communications and operator-controlled target engagement.
According to the World Bank Group’s official figures, private capital mobilisation reached a record $112 billion in fiscal year 2026, compared with approximately $35 billion in FY2022. The increase represents more than a threefold expansion over four years.
The White House published its investment presentation on October 16, 2026, highlighting the scale of capital commitments associated with American corporations, international businesses and foreign countries.
The IMF’s updated estimates indicate that India will move ahead of Japan, whose nominal GDP is projected at approximately $4.47 trillion, and the United Kingdom, which is expected to reach $4.49 trillion. The United States, China and Germany are projected to retain the first three positions among the world’s largest economies.
The programme has progressed considerably since its approval. The fund received registration from the Securities and Exchange Board of India (SEBI) on October 31, 2025, and achieved its initial closing on November 10, 2025, with a committed corpus of ₹1,005 crore. SIDBI Venture Capital Limited, a subsidiary of the Small Industries Development Bank of India, has been entrusted with managing its investments.
Conventional industrial development often requires individual companies to arrange access roads, electricity connections, water supplies, drainage systems and other facilities before manufacturing can begin. These activities involve substantial investment and can delay the commencement of commercial operations.Plug-and-play industrial parks aim to overcome these challenges by providing common infrastructure and shared facilities within a planned industrial environment.
According to provisional data released by the Gem and Jewellery Export Promotion Council (GJEPC) on October 14, 2026, exports increased from $2.70 billion (₹23,813.91 crore) in September 2025. In rupee terms, the sector registered a stronger growth rate of 18.24%, reflecting the impact of currency movements alongside changes in export value.
The Command Centre integrates information from multiple trade-related systems, allowing policymakers to examine trade performance, application processing, export obligations and regulatory requirements through interactive dashboards.
The patent settlement follows another important development in September 2026, when the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) issued a positive opinion recommending marketing authorisation for Pebrilzo.
The domestic pharmaceutical market demonstrated sustained growth throughout the July–September quarter of FY 2026–27, with sales reaching ₹74,610 crore, representing a year-on-year increase of 14.7%. The performance reflects expanding demand for medicines across chronic and acute treatment categories and highlights the growing importance of India’s domestic healthcare market.
