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India’s space industry takes off, targets $45 billion in next decade
['C To I News Desk']
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Indian Minister Jitendra Singh has said India’s space economy has grown to an estimated $8.4 billion.
Speaking in the Rajya Sabha, Singh attributed the expansion to key policy decisions taken after 2019 to open the space sector to private participation.
IN-SPACe serves as a single-window interface between private industry and government agencies, including the Indian Space Research Organisation (ISRO), facilitating greater collaboration and regulatory support.
These missions have earned India approximately €323 million and $233 million, reflecting the country’s expanding footprint in the global space launch market.
Singh said the space sector is poised to become a significant contributor to India’s future economic growth.