News on Indian Economy
Under the agreement, Paras Defence holds an exclusive licence to manufacture and commercialise the Guardian-1 counter-drone interceptor in India. The system is a high-speed, battery-powered unmanned aircraft designed to intercept relatively inexpensive aerial threats.
Capital expenditure received ₹2.19 lakh crore, compared with ₹1.80 lakh crore in the FY2025–26 Budget Estimates. Of the current allocation, approximately ₹1.85 lakh crore has been earmarked specifically for capital acquisitions, marking an increase of nearly 24%.
According to a report jointly prepared by Google and Redseer Strategy Consultants, India’s quick commerce market could reach US$70–90 billion by FY31, registering a compound annual growth rate (CAGR) of 41–48%. Monthly transacting users are expected to exceed 100 million, compared with approximately 40–44 million in FY26.
India’s objective of securing a 10% share of global 6G patents and standards contributions represents a strategic shift from deploying telecommunications infrastructure to developing technologies that influence future international networks.
Its distinctive qualities, historical reputation and close association with Assam eventually led to registration of Chokuwa Rice of Assam as a Geographical Indication, protecting a rice tradition deeply rooted in the Brahmaputra Valley.
The development comes as India prepares to introduce a new generation of satellite-based connectivity capable of complementing existing fibre-optic and mobile networks. Satellite broadband offers opportunities to connect remote villages, mountainous regions, islands and industrial locations where conventional telecommunications infrastructure is difficult or expensive to establish.
The expansion comes as India’s indigenous defence production reached a record ₹1.78 lakh crore in FY2025–26, representing an increase of 15.6% over the previous financial year. According to the Ministry of Defence, private companies accounted for approximately 24% of total defence production, reflecting their growing participation in India’s defence industrial ecosystem.
Speaking at the NaMo Book Fest in Varanasi on October 8, 2026, the Minister said India’s expanding space industry now offers young professionals opportunities to build careers in advanced technologies without necessarily seeking employment overseas.
Founded in 2024 by Satendra Singh, Prof. B.S. Butola and Dilip Singh, IndigoTex develops wool products, technical textiles and waterless textile-processing technologies. Its research operations are linked to IIT Delhi’s Research and Innovation Park, while manufacturing and finishing capacity is being established at the Rai Industrial Area in Sonipat, Haryana.
An electrocardiogram records the electrical activity of the heart and can help healthcare professionals identify abnormalities that may require further clinical assessment. Conventional ECG systems are generally associated with hospitals, diagnostic centres and clinics, while portable systems can extend basic cardiac assessment closer to patients.
