Economy

News on Indian Economy

AgniAstra — Major Rajprasad R.S.: A Soldier-Invented Multi-Target Detonation System for the Indian Army

The Army has identified applications for the system across both conventional warfare and sub-conventional operations, including situations in which combat engineers or assault teams must destroy fortified positions, breach obstacles, neutralise hazardous explosive threats or conduct controlled demolition while reducing the exposure of soldiers.

Gir Kesar Mango — Gujarat’s Saffron-Hued Treasure From the Foothills of Gir

The fruit is closely associated with the Junagadh–Gir region of Saurashtra, particularly the orchards around Talala and the wider landscape adjoining Gir. Its distinctive qualities eventually earned formal recognition through India’s Geographical Indications system. The Gir Kesar Mango received its GI registration certificate on 24 June 2011, making geographical origin an integral part of its protected identity.

Digantara Unveils Indigenous MOSAIC Network for Autonomous Surveillance of Objects in Low Earth Orbit

The system was unveiled in August 2026, with Digantara describing MOSAIC as a sovereign space-surveillance capability built in India for wide-area orbital monitoring. Rather than depending only on conventional sensors tasked against known objects, MOSAIC is designed to continuously scan sections of the sky, identify moving objects autonomously and convert those observations into orbital intelligence.

India Implements Over 40,000 Reforms in a Decade to Strengthen Ease of Doing Business

Speaking at the Vibrant Gujarat Global Summit 2027 Curtain Raiser in New Delhi on 31 August 2026, Department for Promotion of Industry and Internal Trade Secretary Amardeep Singh Bhatia said state governments had undertaken more than 40,000 reforms during the preceding decade, describing Gujarat as one of the front-runners in carrying them out. He emphasised that improving the business environment has increasingly become a cooperative exercise involving both the Centre and the states.

India’s Refining Powerhouse: How a Crude-Oil Importer Became a Bigger Fuel Exporter

The scale of this achievement is visible in the latest international petroleum statistics. According to OPEC’s Annual Statistical Bulletin 2026, India exported approximately 1.386 million barrels per day of petroleum products during calendar year 2025. That volume placed India ahead of major Middle Eastern petroleum producers including Kuwait, the United Arab Emirates, Qatar, Iran, Iraq and Bahrain in refined-product exports.