ISRO has clarified that it will not be privatised and will continue to lead India’s space programme, focusing on advanced research, strategic missions, human spaceflight, next-generation launch systems, and planetary exploration. The private sector’s growing role is meant to complement ISRO’s capabilities, scaling mature technologies and expanding India’s space ecosystem under reforms initiated since 2020.
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
