India is targeting a $44 billion space economy by 2033, supported by emerging technologies, technology transfers and private investment. The Next Generation Launch Vehicle is expected to expand launch capacity, while satellite services support connectivity, agriculture, disaster management and national security.
Experts on National Space Day said India’s next space growth phase will be driven by downstream applications, private participation and satellite-based services. They highlighted the rise of a full-stack space economy powered by ISRO expertise, policy reforms and emerging private companies
India’s space economy has reached $9 billion and could grow to $40–45 billion over the next decade, driven by startups, private investment and policy reforms. Space startups have surged to around 440, while liberalised FDI and government funding strengthen private participation
India's space economy is expected to expand from USD 8 billion to USD 40-45 billion over the next decade, supported by policy reforms, private sector participation and rising commercial activity. The government aims to increase India's share of the global space economy to 8 per cent
ISRO successfully launched its third and final developmental flight, Small Satellite Launch Vehicle-D3, from the Satish Dhawan Space Centre, carrying the Earth Observation Satellite EOS-08. The mission aims to design a microsatellite and develop compatible payload instruments, marking a significant step in India's space capabilities
Singh said the world is ready to be led by India and the successful landing of the Chandrayaan-3 is a testimony to the collective acumen of India's "incredible scientific temperament".
