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India's space economy to increase threefold in next 10 years: Minister

The Statesman

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December 15, 2024

The country's space economy is set to increase threefold in the next 10 years, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Saturday.

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India's space economy to increase threefold in next 10 years: Minister

Addressing a media event in the national capital, the minister said that India's space, marine and Himalayan resources, which remained inadequately explored before Prime Minister Narendra Modi took over, will contribute substantially to India's future economic growth.

"India is on the path of raising its space sector to global standards. The country has made a quantum jump since 2014 in the space economy," he noted.

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