News on Indian Economy
India’s present upgrade cycle is being led by both telecom operators and hyperscalers. The government told Parliament in March 2026 that four submarine cable systems are currently under commissioning at Indian cable landing stations: India Europe Xpress (IEX) in Mumbai, SEA-ME-WE-6 in Mumbai and Chennai, 2Africa in Mumbai, and Raman Cable in Mumbai
India is emerging as a major beneficiary of that shift. Based on an analysis of more than 1,263 Indian AI startups, the report says roughly 75 per cent of the country’s AI startups are focused on applications, and nearly 80 per cent of funding is going into this segment. It also says many Indian startups are reaching the revenue stage early, reflecting a market that is increasingly oriented toward practical deployment rather than speculative experimentation.
The 500 MWe reactor has been developed by Bharatiya Nabhikiya Vidyut Nigam Ltd. (BHAVINI) and built indigenously with contributions from more than 200 Indian industries, including MSMEs. The project has long been seen as a crucial element in India’s effort to deepen domestic capability in advanced reactor technology while aligning with the wider push for self-reliance in strategic sectors.
A major component of the package is the installation of on-board Kavach Version 4.0 equipment on 232 locomotives in Southern Railway at a cost of ₹208.81 crore. The sanction falls under the umbrella programme for provision of Kavach with LTE-based communication backbone on balance routes of Indian Railways, included in the Works Programme 2024–25. PIB said Southern Railway has been earmarked a sub-umbrella allocation of ₹2,950 crore under this larger programme.
With the fresh additions, India’s cumulative installed wind power capacity has now crossed 56 GW, reinforcing the sector’s growing role in the country’s renewable energy mix. The Ministry of New and Renewable Energy said the momentum reflects a combination of clearer policy direction, better transmission readiness, competitive tariff discovery and a strong pipeline of upcoming projects.
The growth was driven in particular by strong movement of fertiliser and pig iron and finished steel, both of which recorded gains of over 13%, while iron ore traffic rose 6.74% and cement movement also increased.
The Ministry of Commerce and Industry said the milestone reflects GeM’s expanding role as a transparent, technology-driven and inclusive procurement platform that connects government buyers with enterprises across India while improving efficiency and accountability in public spending. GeM CEO Mihir Kumar said the achievement signals growing confidence among buyers, sellers and institutions in the platform’s digital procurement ecosystem.
Under the agreement, RRU, working in collaboration with BCAS, will create a dedicated facility to conduct trials, performance evaluation and certification of aviation security systems used at Indian airports. The centre is expected to independently verify and certify the specifications and performance of equipment supplied by original equipment manufacturers, while submitting technically rigorous assessment reports for regulatory consideration.
The latest production figures underline the scale of that expansion. In the 2024-25 agricultural year, India recorded a foodgrain output of 357.73 million metric tonnes, up by 25.43 million metric tonnes over the previous year, with higher production of rice, wheat, maize and coarse cereals, including millets.
The year also saw a strong push toward domestic manufacturing under the Make in India and Atmanirbhar Bharat framework.
