India's Space Sector to Reach $44 Billion

Addressing the 'Space-Tech for Good Governance' Conclave organized by the Indian Institute of Democratic Leadership, Union Minister Dr Jitendra Singh projected the space sector to surge to USD 44 billion in the near future, marking a nearly fivefold growth.

- CORRESPONDENT

According to the Ministry of Science & Technology, Dr Singh pointed to the National Space Innovation and Applications (NSIL) and In-SPACe, which have fostered collaboration between government and non-government entities, driving India's space economy to USD 8 billion.

Addressing India's growing stature in global space exploration, Dr Jitendra Singh remarked, "Gone are the days when we used to take the lead from others. Now, India sets the cue for others to follow."