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Daily Current Affairs – 20 March, 2026

    India’s Push For self-reliance in Drone Manufacturing

    Context

  • At the National Defence Industries Conclave (2026), Defence Minister of India has emphasised that India must develop a self-reliant drone manufacturing ecosystem to strengthen its defence preparedness.

    • About 

  • An unmanned aerial vehicle (UAV) or unmanned aircraft system (UAS), commonly known as a drone, is an aircraft with no human pilot, crew, or passengers on board, but rather is controlled remotely or is autonomous.
  • According to industry estimates, the global drone market is valued at over $30 billion in 2025 and is projected to reach $90–100 billion by 2030, driven by rapid adoption of AI, automation, and 5G integration.
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    India’s Bioeconomy Moving Towards $300 billion Target By 2030

    Context

  • Union Minister Dr. Jitendra Singh said India’s bioeconomy has witnessed a remarkable surge from around $10 billion in 2014 to over $195 billion in 2025, underlining the country’s emergence as a fast-growing global biotechnology hub.

    • What is  BioEconomy?

  • The BioEconomy is the knowledge-based production and use of biological resources to provide products, processes and services in all economic sectors within the frame of a sustainable economic system.
  • It encompasses sectors like agriculture, forestry, fisheries, food production, biotechnology, and bioenergy. 
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    India’s Sports Equipment Manufacturing Sector

    Context

  • NITI Aayog released a report titled “Realising the Export Potential of India’s Sports Equipment Manufacturing Sector”, presenting a comprehensive assessment of India’s manufacturing capabilities, and global market opportunities.

    • Global Market Opportunity in Sports Sector

  • The global sports goods market, encompassing sports apparel, footwear, equipment, and accessories, was valued at approximately $700 billion in 2024 and is projected to cross $1 trillion by 2036. 
  • Within this ecosystem, the sports equipment segment alone accounts for approximately $140 billion, with global demand expected to reach around $283 billion by 2036. 
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    News In Short 20-03-2026

    Context

  • Recent attacks on South Pars and Ras Laffan have heightened tensions in the Persian Gulf and raised global energy security concerns.

    • About South Pars Gas Field

  • Located in the Persian Gulf, off Iran’s southern coast.
  • Part of the world’s largest natural gas field, shared with Qatar (called North Dome on the Qatari side).
  • Accounts for around 70% of Iran’s natural gas production.
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