Economy

News on Indian Economy

India Builds Wider Global Trade Architecture as New FTA Talks Target Economies Worth Another $15 Trillion

Goyal outlined the scale of India’s trade strategy while addressing business representatives during his visit to Japan on August 24, 2026. He is leading India’s largest-ever business delegation to Japan, comprising more than 200 representatives from sectors including manufacturing, semiconductors, automotive, steel, clean energy, financial services, healthcare and startups. The four-day visit covers Tokyo, Nagoya and Osaka and is intended to deepen investment, technology and industrial cooperation between the two economies.

India Plans Around 1,000 QRSAM and 1,000 Akash-NG Missiles

The more immediate programme is QRSAM, now formally identified by DRDO as Anant Shastra. The system has already received Acceptance of Necessity for induction, and BEL has indicated that the remaining major step before the expected order is approval from the Cabinet Committee on Security. During its July 2026 investor interaction, BEL said all activities and inputs required from its side had been completed and that it was awaiting CCS clearance. Management continued to guide for the order during the first half of the current financial year, with September mentioned as the expected outer timeline.

Indian Army Central Command Partners T-Hub to Accelerate Field Deployment of Defence Startups

Under the partnership, Central Command will share operational problem statements with T-Hub, which will identify and shortlist startups capable of developing relevant solutions. Selected companies will then work with Army stakeholders to refine their technologies, test them against practical requirements and incorporate feedback from personnel who could eventually use the systems in the field.

Sigma Advanced Systems Wins ₹1,600 Crore Rolls-Royce Aero-Engine Deal, Expands India-UK Aerospace Manufacturing

The contract covers the manufacture of aero-engine rings, casings, lock plates and other critical engine structures. Production will be distributed across Sigma’s manufacturing facilities in India and the United Kingdom, creating a dual-source manufacturing arrangement for Rolls-Royce and giving Sigma a larger role in supplying high-value components for international aerospace programmes.

India Opens DRDO-Developed Conventional Missile Technologies to Domestic Defence Industry

The move will allow domestic companies to take DRDO-developed missile systems from the development stage into industrial-scale production, subject to applicable certification, qualification and regulatory requirements. It is intended to increase the participation of private industry, MSMEs and specialised technology partners across India’s defence manufacturing supply chain.

Apollo Micro Systems Launches ShauryAstra to Develop Indigenous Long-Range Weapons and Unmanned Combat Platforms

The significance of ShauryAstra lies primarily in its technological mandate. Apollo says the new company has been created specifically to undertake the research, design and development of complete weapon systems, long-range systems, unmanned platforms and allied defence technologies for the Indian Armed Forces. Its focus will include operational problems for which mature indigenous solutions are not yet available, as well as future battlefield requirements that may emerge over the coming years.

GENESIS EIR 3.0 Offers Up to ₹10 Lakh to Turn Young Indian Innovators Into DeepTech Entrepreneurs

GENESIS EIR 3.0 targets some of the technology areas that are becoming increasingly important for India’s future industrial and strategic capabilities. These include electronics, information technology, DeepTech, artificial intelligence and machine learning, Internet of Things, semiconductor and VLSI technologies, cybersecurity, blockchain, quantum technologies, and AR/VR and immersive technologies.

Aule Space Reaches TRL-6 With Satellite Docking Technology as India’s Orbital-Servicing Ecosystem Expands

The company has successfully tested its relative guidance, navigation and control (GNC) stack at ISRO’s Rendezvous Simulation Laboratory, a facility used for validating technologies associated with rendezvous and docking. Aule says the tests demonstrated its system in a relevant simulated environment and advanced the technology to Technology Readiness Level 6, or TRL-6.