In a strategic move, the Adani Group is investing ₹1,500 crore over the next two to three years in Hyderabad, aiming to make it a key hub for manufacturing missiles and unmanned vehicles. Ashish Rajvanshi, CEO of Adani Defence & Aerospace, highlighted the city s significance, envisioning it as a buzzing center for Adani s ambitious plans. The company aims to produce various missiles and unmanned systems, collaborating closely with DRDO and initiating work on counter drone systems. The recent unveiling of the Drishti 10 Starliner, India s first indigenous UAV, further solidifies Hyderabad s role in defense innovation.
Observing that despite global challenges, India s economy remains resilient, the report said the country is poised to attain the status of a developed economy by 2047 under the initiative of Viksit Bharat .
"The Indian economy is showing evidence of strong growth.It is imperative that there is a need to remain watchful and adaptable in the coming days to mitigate the dangers presented by the global economy through carefully calibrated policy actions," the report stated.
Get latest articles and stories on Latest News at LatestLY. India's economy is likely to surpass USD 4 trillion in 2024-25 and further escalate to USD 5 trillion by 2026-27, according to a PHDCCI report released on Wednesday. Latest News | India's GDP to Surpass USD 4 Trillion in 2024-25: PHDCCI Report.