Economy
India’s Space Economy Targets $40–45 Billion, With Private Investment Needed
India’s space economy is expected to grow from $9 billion to $40–45 billion within seven to eight years.
What happened
Minister Jitendra Singh said India’s space economy, currently valued at about $9 billion, could reach $40–45 billion in seven to eight years. He said the next priority is building globally competitive private space companies, supported by greater domestic and international investment, predictable demand, faster regulatory approvals and sustainable business models.
Why it matters
The growth outlook depends on converting India’s technical capabilities into commercially viable companies, with government demand, investment and regulatory efficiency supporting expansion into global markets.
Source: Press Information Bureau (India)