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India's Space Economy to Skyrocket to $44 Billion
24 Nov
Summary
- India's space economy is set to grow from $8 billion to $44-45 billion.
- Space reforms over the past five years are driving this projected economic surge.
- About 70% of India's space applications focus on improving common citizens' lives.
India's burgeoning space economy is on track for exponential growth, with projections indicating a rise from the current $8 billion to an impressive $44-45 billion in the coming decades. Minister of State for Science & Technology, Dr. Jitendra Singh, emphasized this at the India International Space Conclave 2025 in New Delhi, attributing the surge to significant space reforms implemented over the last five years.
Singh further noted that a substantial 70% of India's space-driven applications are oriented towards enhancing the quality of life for the common citizen, a unique focus compared to many other nations actively engaged in space exploration and development. This citizen-centric approach underscores India's strategic vision for its space sector.
The conclave also saw key industry announcements, including Viasat India's partnership with BSNL for satellite connectivity solutions and Novaspace's establishment of an India office in Bengaluru, signaling increased collaboration and investment in India's rapidly evolving space ecosystem.
