India, April 2 -- The Government of India has issued a release:
As per the Decadal Vision and Strategy for Indian space economy, the size of India's space economy was about $8.4 billion which is about 2% of the global space economy in 2023. However, India's space economy is projected to grow to approximately $44 billion by 2033 (~8% of the global space economy) and $100 billion by 2040 (~10% of the global space economy).
The Government has undertaken proactive measures through the liberalization of the space sector, which are contributing to an increase in India's share of the global space economy. An assessment of the current size of the space economy is presently being carried out in coordination with the Ministry of Statistics and Programme Implementation (MoSPI).
It has been assessed. As of now, there is no serious concern. This issue will remain under watch. The Government is taking the following steps/initiatives in order to accelerate reforms, boost private sector participation, strengthen funding and infrastructure, and build resilient space systems critical for India's economy growth: -
This information was submitted by Union Minister of State for Personnel, Public Grievances and Pensions & Prime Minister's Office , Dr. Jitendra Singh in Rajya Sabha on 2nd April 2026.
Disclaimer: Curated by HT Syndication.
