Mumbai, March 26 India’s commercial drone industry had a market size of $1.88 billion (Rs 17,000 crore) in FY26, which is expected to grow at a compounded 17.98 per cent rate during FY25–29, a report showed on Thursday.Globally, the US leads the commercial drone industry, followed by China, with India currently ranked seventh, according to a research report by B2K Analytics.As per the report, drones can cut the cost of agrochemical spraying by nearly 80 per cent compared with manual spraying. A study analysed small and medium-sized drones costing Rs 6.4–7.1 lakh with a maximum operational life of three years…