India GDP Growth 2026: Economy Beats Forecasts with Strong 7.7% Expansion in FY26; Q4 Grows 7.8%

  India has once again showcased its economic resilience. The country recorded a robust 7.7% GDP growth in fiscal year 2025-26 (FY26), surpassing both the previous year’s 6.5% and the government’s Second Advance Estimate of 7.6%. This performance reaffirms India’s position as the world’s fastest-growing major economy despite global headwinds like geopolitical tensions and volatile crude oil prices. According to provisional estimates released by the Ministry of Statistics & Programme Implementation (MoSPI) on Friday, the Indian economy continues to demonstrate strong momentum. Key Highlights of India’s FY26 GDP Numbers Annual GDP Growth : 7.7% in FY26 (up from 6.5% in FY25) Q4 FY26 Growth : 7.8% (steady from the previous quarter) Real GDP Level : ₹323.12 lakh crore in FY26, compared to ₹299.89 lakh crore (First Revised Estimate) in FY25 Real Gross Value Added (GVA) : Expanded by 7.9% for the full year Nominal GVA : Grew 9.1% in FY26 Q4 GVA Performance : Real GVA a...
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Paras Defence Bags $3.8M Export Order from Israel's Elbit: Strengthening Indo-Israeli Defence Ties

 


Paras Defence and Space Technologies Ltd, a key player in India's defence manufacturing ecosystem, has secured a $3.8 million (₹34 crore) export order from Elbit Security Systems Ltd, Israel. Disclosed on September 26, 2025, the contract involves supplying advanced electro-optics products, with execution slated between February and November 2026. This deal underscores Paras' growing international stature and deepens bilateral defence collaboration amid global supply chain shifts.

The Deal: Electro-Optics for Cutting-Edge Applications

The order focuses on electro-optical systems—critical for surveillance, targeting, and night vision in defence platforms. Paras will leverage its expertise in optics and electronics to deliver these high-precision components, aligning with Elbit's needs for unmanned systems and border security. Valued at ₹34 crore, it's Paras' latest in a string of wins, following ₹45 crore from BEL for signal processing systems.

Paras, founded in 2009, specializes in defence and space tech, including missile components and EMP solutions. Its JV with Israel's HevenDrones for hydrogen-powered UAVs highlights Indo-Israeli synergy. The stock surged 7% to ₹1,250 post-announcement, with a market cap of ₹5,698 crore.

Indo-Israeli Defence Synergy: A Strategic Alliance

India-Israel defence ties, valued at $3 billion annually, emphasize tech transfer and joint R&D. Elbit, a global leader in electro-optics, partners with Paras to tap India's 'Make in India' push. This order boosts Paras' export revenue (20% of FY25 ₹500 crore turnover) and validates its quality certifications (AS9100D).

Amid US-China tensions, diversification reduces risks. Paras' pipeline includes $10 million in pursuits, targeting 30% export growth. CEO Munjal Talati noted the deal's role in building long-term capabilities.

Future Horizons: Paras in the Global Defence Arena

With India's defence exports hitting $2.5 billion in FY25, Paras eyes UAVs and EW systems. Challenges like supply chain localization persist, but government incentives (PLI scheme) aid scaling. This Elbit win positions Paras for more MRO contracts, enhancing India's self-reliance.

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