Economy

News on Indian Economy

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.

OrbitAID Targets Q1 2027 for India’s First End-to-End Satellite Life-Extension and Refuelling Demonstration

OrbitAID disclosed the updated mission timeline on 25 August 2026, saying that two spacecraft — AayulSAT-2A, serving as the chaser, and AayulSAT-2B, serving as the target — will be launched together for the demonstration. The company intends to validate the complete sequence required for servicing an operational spacecraft rather than testing individual rendezvous or docking functions in isolation.

Zen Technologies Launches CITADEL Anti-Drone Shield for Critical Infrastructure

Announced on 31 August 2026, CITADEL — short for Critical Infrastructure Threat Detection & Electronic Layer — represents an expansion of counter-drone technology beyond conventional military bases and battlefield environments. Zen Technologies has positioned the system as a configurable protective layer for facilities whose uninterrupted operation has become increasingly important to India’s digital, industrial and strategic infrastructure.

India’s Economy Grows 7.8% in Q1 FY 2026-27 as Investment and Services Accelerate

The latest National Statistics Office estimates released by the Ministry of Statistics and Programme Implementation show that India’s real GDP at constant 2022-23 prices increased to ₹81.36 lakh crore in Q1 FY 2026-27, compared with ₹75.46 lakh crore during the corresponding quarter of FY 2025-26. Under the revised national accounts series, growth in the comparable quarter of the previous year stands at 6.9%, meaning economic expansion accelerated appreciably during the latest quarter.