India’s space economy could hit $45 billion as government targets private investment

India’s space economy, currently valued at about $9 billion, could grow to $40 to $45 billion over the next seven to eight years, as the government looks to increase private investment, strengthen commercial space companies and expand the use of space technology across industries. Union Minister of State for Science and Technology Jitendra Singh said on October 17 that the next phase of growth would depend on translating India's technological capabilities into commercially viable businesses that