News on Indian Economy
India received the strongest assessment in the September survey, followed closely by South-East Asia. The United States was seen as likely to record moderate growth, while China’s outlook weakened. Europe remained the region with the lowest growth expectations despite some improvement from earlier in the year.
Finished-steel consumption increased from 65.7 million tonnes in April–August 2025 to 70.5 million tonnes during the same five-month period of 2026. In August alone, domestic consumption reached 14.6 million tonnes, compared with 13.8 million tonnes in August 2025, representing year-on-year growth of 5.8 per cent.
WB Electronics India is responsible for the Polish group’s operations in the country and operates from New Delhi. The company describes its Indian portfolio as covering unmanned reconnaissance platforms, strike systems, battlefield-management technologies, military communications, fire-control systems, cybersecurity and equipment modernisation.
The Defence Production Secretary visited BEL Ghaziabad along with senior officials from the Department of Defence Production. He was received by Rashmi Kathuria, Executive Director and Unit Head, along with other senior officials of the complex.
Official West Bengal industrial-development documentation identifies Jangal Sundari Karmanagari as a major industrial project under the West Bengal Industrial Development Corporation. The wider development is being implemented in phases, with land intended for large industries as well as ancillary and MSME activity.
Pinaka was developed by the Defence Research and Development Organisation to provide the Indian Army with an indigenous multi-barrel rocket artillery system capable of delivering large volumes of fire against battlefield targets.
Draft DAP 2026 proposes to strengthen this approach by explicitly defining indigenous design and by increasing the indigenous-content requirement under the Buy Indian-IDDM category from 50 per cent to 60 per cent.
Vaishnaw said India must remain continuously alert to geopolitical risks as it establishes the ability to design and manufacture semiconductors domestically. As India becomes a more significant participant in the global chip industry, its emergence could affect established industrial and supply-chain relationships.
The micro-GPU has been designed as a programmable graphics processor rather than a fixed-function display controller. Its floating-point processing engine allows graphics operations to be performed through hardware that the researchers designed themselves at the RTL level.
The amendment adds Linear Alkyl Benzene, N-Paraffin and Carbon Black Feedstock to the approved list, increasing the number of listed products from 23 to 26. The permission does not extend to CRZ-IA, the most environmentally sensitive category under the coastal regulatory framework.
