Economy

News on Indian Economy

India and UK Advance Full Electric Propulsion Partnership for Indian Navy’s Four Next-Generation Landing Platform Docks

The Indian Navy’s requirement itself has now moved forward significantly. Government procurement records published in February 2026 explicitly refer to the Acceptance of Necessity for procurement of four Landing Platform Docks, confirming that the programme covers four major amphibious vessels to be acquired through Indian shipbuilding capability.

Hindalco Brings Superfine PPT ATH Manufacturing to India With 30,000-Tonne Belagavi Plant

The greenfield facility has an initial production capacity of 30,000 tonnes a year and has been designed for phased expansion to 60,000 tonnes annually as the domestic market develops. Hindalco says the first-phase capacity is sufficient to address almost the entire current domestic requirement from India’s wire and cable industry, potentially replacing a substantial portion of material that previously had to be imported.

India Certifies First 15-Metre Multi-Axle Sleeper Bus as Domestic Coach Engineering Advances

The vehicle has been certified under AIS-119 and AIS-153, regulatory standards covering important aspects of bus construction and passenger safety. The evaluation included requirements relating to structural integrity, emergency safety, fire protection, passenger accommodation, movement within the vehicle and travel comfort, making the certification particularly significant for the rapidly expanding intercity sleeper-coach market.

Dhaksha Opens New Drone Manufacturing Facility in Tamil Nadu, Unveils Indigenous Agricultural UAVs

The facility, inaugurated on August 24, 2026, represents Dhaksha’s next stage of expansion as it scales its presence across agriculture, defence and enterprise unmanned systems. The company intends to use the new site for larger and increasingly complex UAV programmes while bringing research, manufacturing, integration and operational capabilities into a more closely connected industrial environment.

India and Morocco Target Doubling Bilateral Trade as Both Sides Explore Preferential Trade Agreement

The Joint Commission was co-chaired during Minister of State for Commerce and Industry and Electronics and Information Technology Jitin Prasada’s visit to Morocco from August 24–25, 2026. India and Morocco reviewed their commercial relationship and agreed that greater market access, diversification of the trade basket and stronger investment partnerships could unlock substantially more economic activity. Bilateral trade reached approximately $4 billion in 2025.

HAL-Safran Sign Final Contract for 3,500–4,000 shp Aravalli Engine to Power IMRH and DBMRH

Aravalli has been selected to power HAL’s planned 13-tonne Indian Multi-Role Helicopter (IMRH) and its naval derivative, the Deck-Based Multi-Role Helicopter (DBMRH). These platforms are being developed to provide the Indian Armed Forces with a new generation of medium-lift helicopters capable of performing troop transport, air assault, logistics, search-and-rescue and other demanding missions. The naval DBMRH is intended to extend the concept to shipborne operations for the Indian Navy.