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By:

Kedar Kulkarni

28 May 2026 at 5:09:28 am

72 Hours in May: India’s Defence Ecosystem Comes of Age

Last month saw three major indigenous defence breakthroughs in three days, underscoring India’s growing ability to build strategic technologies at home. AI generated image For most of its post-independence history, India’s strategic establishment has had a peculiar relationship with military power. Major acquisitions were announced in press conferences. Sophisticated platforms were purchased abroad. The long years of design work, testing and technological development often occurred out of...

72 Hours in May: India’s Defence Ecosystem Comes of Age

Last month saw three major indigenous defence breakthroughs in three days, underscoring India’s growing ability to build strategic technologies at home. AI generated image For most of its post-independence history, India’s strategic establishment has had a peculiar relationship with military power. Major acquisitions were announced in press conferences. Sophisticated platforms were purchased abroad. The long years of design work, testing and technological development often occurred out of public view, frequently in partnership with a Soviet and later Russian supplier, and were judged only by results that emerged decades later. India’s defence story, for much of that history, was one of patient procurement. In recent years, it has begun to look rather different. Significant Milestones Between May 7 and May 9, the Defence Research and Development Organisation (DRDO) conducted three separate tests of three distinct technologies. While any one of them would ordinarily have commanded headlines of its own, the tests were three significant milestones in a span of seventy-two hours. On May 7, off the Odisha coast, an Indian Air Force Jaguar dropped a 500-kilogram bomb fitted with what the Ministry of Defence calls India’s first indigenous glide weapon system, the Tactical Advanced Range Augmentation kit, or TARA. The technology is deceptively modest. It converts conventional unguided bombs already held in large numbers by the Air Force into stand-off, precision-guided munitions, reducing dependence on imported systems such as the Israeli SPICE-2000 and moving India closer to the capability long provided by America’s JDAM family of kits. A day later, from the Dr. APJ Abdul Kalam Island, India conducted a successful flight trial of an Advanced Agni missile equipped with a Multiple Independently Targeted Re-entry Vehicle (MIRV) system. The Ministry stated that multiple payloads were delivered to distinct targets distributed across a wide area of the Indian Ocean. While the missile variant has not been formally identified, defence reporting has suggested it may be the long-anticipated Agni-VI. Whatever its nomenclature, the test marked a significant progression beyond Mission Divyastra of March 2024, which first demonstrated India’s MIRV capability. Then, on May 9 in Hyderabad, DRDO’s Defence Research and Development Laboratory successfully ran a full-scale scramjet combustor continuously for more than 1,200 seconds. Twenty minutes of sustained supersonic combustion may sound esoteric, but it represents one of the essential building blocks of a future hypersonic cruise missile. Defence Minister Rajnath Singh described the achievement as laying “a solid foundation” for India’s Hypersonic Cruise Missile Development Programme. Viewed individually, none of these tests fundamentally alters the strategic balance. India had already demonstrated MIRV technology. It had previously conducted a full-scale scramjet burn. Stand-off precision munitions have been under development for years. What is new is the clustering. The timing falls within a particularly significant calendar in India’s recent strategic history. Roughly a year earlier, during the first week of May 2025, India launched Operation Sindoor against terrorist infrastructure in Pakistan. For the first time, indigenous systems including BrahMos missiles, domestic air-defence networks and a growing inventory of Indian precision weapons were employed at scale under combat conditions. Since then, the Indian government has repeatedly framed Sindoor not merely as a military operation but as a symbol of India’s political, social and strategic will. The coincidence of these three tests with the operation’s anniversary is hardly accidental. The tests also occurred amid a more complicated geopolitical backdrop. Over the past year, New Delhi has grappled with renewed tensions with Washington over tariffs, Russian oil imports and the continuing shadow of potential CAATSA-related sanctions. For decades, Russia supplied many of India's most important military platforms, from Sukhoi fighters and T-90 tanks to S-400 systems and the jointly developed BrahMos missile. Recent geopolitical turbulence has served as a reminder that excessive dependence on any single supplier carries strategic risks. Against that backdrop, the scramjet milestone deserves particularly close attention. Nearly every major Indian hypersonic headline of the past two decades has been BrahMos-derived, which is to say it has rested on technology co-developed with Moscow's NPO Mashinostroyeniya. The combustor that ran for twenty minutes in Hyderabad, by contrast, is a Defence Research and Development Laboratory design, fuelled by indigenous hydrocarbon chemistry and supported by industry partners drawn from India's domestic supply chain. It is the first major brick in India’s hypersonic wall laid without a Russian hand on the trowel. The BrahMos-II programme, originally conceived as a Russian-assisted hypersonic successor, has reportedly progressed more slowly than anticipated owing to cost and developmental challenges. Increasingly, the architecture being pursued by DRDO appears to be the one now undergoing testing in Hyderabad. The strategic significance is difficult to overstate. For the first time, India is developing a critical-path hypersonic capability whose progress cannot be halted, delayed or conditioned by a foreign partner. Industrial Backbone India’s defence production crossed Rs. 1.51 lakh crore in 2024-25, an all-time high and an increase of 18 percent over the previous year. Defence exports reached Rs. 23,622 crore, more than thirty times their level a decade earlier, while nearly 16,000 micro, small and medium enterprises now participate in the country's defence manufacturing ecosystem. Behind those figures lies a series of policy interventions whose effects are only now becoming visible. Programmes such as Innovations for Defence Excellence (iDEX), the ADITI initiative and the Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu have sought to connect laboratories, start-ups, private manufacturers and the armed forces into a single innovation ecosystem. The BrahMos Integration and Testing Facility in Lucknow, inaugurated in 2025, has become a particularly visible symbol of this transformation. The objective is to build increasingly sophisticated technologies within the country itself. The TARA glide kit offers a useful example. Developed by Research Centre Imarat in Hyderabad through the Development-cum-Production Partner model, it brings together DRDO laboratories and private-sector manufacturing. The Advanced Agni programme similarly rests upon a network of indigenous suppliers specialising in metallurgy, guidance systems, electronics and rocketry. The scramjet combustor, meanwhile, was designed by DRDL and realised through domestic industrial partnerships. Progress Without Illusion None of this is to exaggerate India’s current position. The TARA kit arrives years after comparable Western systems entered service. The Advanced Agni's warhead count and effective range remain undisclosed. The scramjet achievement, impressive as it is, still remains a ground test. China and Russia already field operational hypersonic weapons, while the United States has begun deploying its own. So, while the gap remains real, the significance of the seventy-two hours between May 7 and May 9 lies in what the cluster reveals about the state of India’s defence-industrial base. Three indigenous systems, spanning precision-strike capability, strategic deterrence and future hypersonic warfare, reached important milestones within days of one another. They emerged from different laboratories and drew upon different industrial networks. Yet all reflected that India’s strategic technology ecosystem has reached a level of maturity at which meaningful advances increasingly emerge on its own timetable. The message is directed not only at Beijing and Islamabad, but also at Washington and Moscow. India’s strategic capabilities will continue to benefit from international partnerships. But the country’s most consequential military technologies are increasingly being designed, tested and produced at home. When Rajnath Singh flagged off the first batch of Indian-built BrahMos missiles in Lucknow in October last year, he observed that India had moved into the role of “a giver, not just a taker.” The phrase was intended to describe defence exports. So, while the era of patient procurement is not exactly over, it certainly is no longer the whole story. (The writer is Assistant Professor at the Ajeenkya D.Y. Patil University and a doctoral scholar in geopolitics. Views personal.)

Why Women Are Better Investors Than Men

Updated: Mar 10, 2025


Women Are Better Investors

As the world celebrated International Women's Day, discussions centered around women's achievements in various fields—business, leadership, science, and beyond. But one area where women consistently outperform men, yet receive little recognition, is investing.


Despite money management often being seen as a male-dominated field, women have quietly and consistently proven to be better investors than men. With patience, discipline, and a long-term mindset, women naturally possess qualities that make them superior money managers.


A Perfect Blend of Knowledge and Wealth

In Hindu mythology, Goddess Saraswati symbolizes knowledge, while Goddess Lakshmi represents wealth—two essential pillars of investing. The ability to manage wealth wisely stems from a deep understanding of financial principles, and this is where women excel. They take the time to learn, analyze, and make informed investment decisions rather than rushing into trends or speculation.


Why Women Make Better Investors

Several traits make women stand out as investors:


Patience and Long-Term Vision: Unlike men, who may be more prone to impulsive trading and get-rich-quick schemes, women tend to have a longer term mindset. Their ability to stay calm, especially during market fluctuations, leads to better returns over time.


Disciplined and Goal-Based: Women prioritize consistent savings and goal-based investing. This disciplined approach helps them build wealth steadily. Women naturally excel at budgeting, planning, and structuring investments to align with future goals, whether it’s children’s education, home buying, or retirement security. Their emotional connection with goals is what makes them stick to discipline.


Risk-Aware, Not Risk-Averse: Contrary to the stereotype, women are not afraid of risks—they are just more calculated about them, through appropriate asset allocation. Eventually, this approach ensures maximum returns with minimal risks. 


Trust and Willingness to Learn: Women value education and expertise, making them more likely to seek guidance from a well-qualified financial advisor. Unlike men, who often overestimate their investing abilities, women approach financial decisions with a willingness to learn. Once they find a trusted expert, they follow sound advice instead of making emotional, short-term moves.


Women Leading the Financial World

These qualities are why many of the world’s leading financial institutions are now led by women. In India and abroad, we see prominent banks, asset management companies, and investment firms thriving under female leadership. Their ability to combine strategic thinking with emotional intelligence makes them exceptional at managing money—both at a personal and professional level.


Final Thoughts

With their trust in expert advice and a strong focus on financial education, more women should embrace their strengths and take control of their financial futures!

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