September 26, 2026

Economy

News on Indian Economy

Diplomacy Economy

India and Russia Push for $100-Billion Trade as Economic Partnership Expands Into Technology, Energy and Industry

External Affairs Minister S. Jaishankar and Russian First Deputy Prime Minister Denis Manturov co-chaired the 27th India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC) in Moscow on August 24, 2026. The commission is the principal institutional mechanism overseeing the expanding economic relationship between the two countries.

By Kautilya / August 25, 2026
Defense Economy Make in India

Global SAR Leader ICEYE Chooses India for Local Satellite Manufacturing as Aatmanirbhar Space Ecosystem Expands

The company announced the establishment of its Indian entity on August 24, 2026, describing India as one of the world’s most important defence and space markets. ICEYE India will initially focus on supporting Indian defence and intelligence users with space-based intelligence capabilities while progressively developing a domestic industrial ecosystem involving Indian engineers, suppliers and technology companies.

By Kautilya / August 24, 2026
Defense Make in India

DRDO Advances 300-Km Extended Long-Range Guided Rocket for Indigenous Deep-Strike Capability

Development responsibility for the longer-range Pinaka family centres on DRDO’s Armament Research and Development Establishment (ARDE), supported by laboratories specialising in propulsion, guidance and missile electronics. The broader programme brings together ARDE, the High Energy Materials Research Laboratory, Defence Research and Development Laboratory and Research Centre Imarat, creating an almost entirely Indian development chain for the weapon.

By Kautilya / August 24, 2026
Economy

India’s Kharif Sowing Area Reaches 1,056.7 Lakh Hectares; Pulses Gain as Rice Acreage Declines

Rice remains the country’s largest kharif crop by area, with sowing reported across 405.10 lakh hectares, down from 418.29 lakh hectares a year earlier. This represents a decline of 13.19 lakh hectares. Karnataka recorded the largest reduction in rice acreage at 3.09 lakh hectares, followed by Telangana at 2.45 lakh hectares, Jharkhand at 1.88 lakh hectares, Madhya Pradesh at 1.75 lakh hectares and Odisha at 1.63 lakh hectares. Assam, however, reported an increase of 2.80 lakh hectares in rice coverage.

By Kautilya / August 24, 2026
Defense Make in India

BEL and Esri India Join Forces to Expand GeoAI and Location Intelligence for Defence

BEL and Esri India Technologies signed a Memorandum of Understanding on August 3, 2026, to jointly pursue opportunities involving Geographic Information Systems (GIS), location intelligence and GeoAI. A major focus of the agreement is supporting rapid or “surge” deployment of geospatial solutions for BEL and India’s defence services when operational requirements demand faster availability.

By Kautilya / August 24, 2026