Economy

News on Indian Economy

HAL Develops Indigenous Optical Fuel-Sensing and Data-Acquisition Systems for Tejas Mk2

The developments were disclosed in HAL’s latest annual report, which identifies them among technologies designed and developed from the ground up for the LCA Mk2 platform. While neither system attracts the attention normally associated with radar, electronic warfare or weapons, they represent the kind of underlying aircraft technology that determines reliability, safety, maintainability and operational availability over a fighter’s service life.

ONGC to Invest ₹7,000 Crore in 13-Million-Barrel Strategic Oil Reserve at Mangalore

ONGC Chairman Arun Kumar Singh disclosed the investment plans in New Delhi on 31 August 2026, confirming that the company has already secured the land required for the project and that construction is expected to begin shortly. The ₹70-billion investment forms part of ONGC’s wider strategy to strengthen India’s domestic energy security while expanding the company’s role beyond conventional oil and gas exploration.

C-DOT Unveils 14 Indigenous Quantum-Security Products for India’s Telecom and Defence Networks

The new Quantum Product Series was unveiled during C-DOT’s 43rd Foundation Day celebrations in New Delhi on 31 August 2026. Developed by the telecom research and development organisation under the Department of Telecommunications, the portfolio covers systems intended for commercial telecommunications networks, enterprises, optical infrastructure, wireless communications and highly sensitive strategic and defence applications.

Tata Elxsi and Sarla Aviation Join Forces to Develop Indigenous Shunya eVTOL Aircraft

Shunya is being developed as a six-passenger-plus-one-pilot eVTOL aircraft, giving it a significantly different operating concept from conventional helicopters and small fixed-wing aircraft. Electric vertical take-off and landing technology allows an aircraft to rise and land vertically without requiring a conventional runway, while an efficient wing-supported cruise phase can provide greater range and energy efficiency once the aircraft transitions into forward flight.

India’s Roads Beyond Its Borders: The Highways Connecting South Asia, Southeast Asia and Africa

These projects are not all of the same kind. Some directly connect Indian territory with neighbouring countries. Others form parts of larger multimodal corridors linking India with ports and markets. Still others are roads built or financed by India entirely within partner countries. Together, however, they illustrate the emergence of infrastructure development as an important component of India’s engagement with the Global South.