Economy

News on Indian Economy

India’s Fertiliser Security Gets a Boost as Two New Urea Plants Prepare to Start Production

Domestic urea output has grown sharply over the last decade. India produced around 22.5 million tonnes of urea in 2014-15. Production rose to a record level of around 31.4 million tonnes in 2023-24. In 2024-25, the country produced 30.667 million tonnes. This expansion has helped India absorb demand pressure from agriculture and reduce the impact of global volatility.

Indian Army and Airtel Push Mobile Connectivity into Arunachal’s Kameng Frontier

The initiative focuses on remote locations in the Kameng belt of Arunachal Pradesh, one of India’s most sensitive and challenging Himalayan regions. The terrain is mountainous, forested and cut by deep valleys. Many settlements remain far from dense commercial telecom networks. Weather, altitude, road access and low population density make telecom rollout difficult. This is exactly where civil-military cooperation becomes valuable.

India’s Space Economy Set for a USD 45 Billion Leap as Start-ups Drive the Next Growth Phase

Union Minister Dr. Jitendra Singh said that India’s scientific progress has now moved beyond laboratories and entered the national mainstream. Space technology, atomic energy, digital systems, deep ocean research, health technology and advanced innovation are becoming part of India’s development story. This shift shows how science is being used directly for public benefit, economic growth and strategic capability.

700 SHE-MARTs, 1,000 District Fulfilment Centres to Power India’s Lakhpati Didi Mission

The proposal was reviewed during a meeting chaired by Rohit Kansal, Secretary, Department of Rural Development. The discussion focused on the progress of the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission and its related initiatives. Senior officials from the Rural Livelihoods Division and the National Mission Management Unit also participated in the review.

India’s Crude Oil Imports Rise in April as Energy Security Returns to Centre Stage

The April figure also shows a mixed picture. Imports rose compared with March, but they were lower than the same month last year. This suggests that India’s energy demand is strong, but the import pattern is also being shaped by prices, refinery planning, inventory decisions and global supply conditions. Refiners often adjust purchases based on price movements, freight availability, refining margins and crude grades suitable for their plants.

India’s ePlane Gets Global Spotlight as NVIDIA Pushes AI Into Future Aviation

The ePlane Company is developing the e200x, an electric vertical take-off and landing aircraft designed for urban air mobility. The idea is simple and ambitious: create a compact electric air taxi that can help reduce city congestion by moving short-distance travel from crowded roads to the sky. For a country where major cities lose enormous time in traffic every day, such aircraft could become part of a future mobility network connecting business districts, airports, transport hubs and urban clusters.

India Brings Tunnel Hood Technology to Bullet Train Project for the First Time

Tunnel hood technology is a specialised engineering solution used in high-speed rail systems across the world. When a bullet train enters a tunnel at speeds above 300 kmph, it pushes a large volume of air ahead of it. This sudden movement compresses the air inside the tunnel and creates pressure waves. As these waves travel through the tunnel and emerge at the other end, they can produce a loud booming sound known as tunnel boom.

India’s Startup Ecosystem Creates Nearly 25 Lakh Jobs as Innovation Moves Beyond Metro Cities

The RISE Conclave 2026 was held under the theme “Innovation & Entrepreneurship Driven Growth for Viksit Bharat 2047.” The event brought together the four pillars of Research, Industry, Startups and Entrepreneurship, creating a platform for collaboration between laboratories, businesses, investors, academic institutions and policymakers. More than 125 startups participated in the conclave, many of them working in deep-tech and aerospace-related sectors.