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India's space economy set to soar beyond $40B by 2040: Jitendra Singh
The Business Guardian
|October 16, 2023
India’s space economy is poised to transcend the confines of our atmosphere, projected to reach an astonishing $40 billion by 2040. Union Minister Jitendra Singh underlined this ambitious trajectory, proclaiming that “sky is not the limit” for India’s space odyssey. His remarks were made during the Central University of Jammu’s Campus Dialogues, specifically focused on Chandrayaan-3, India’s lunar mission.
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A significant catalyst in this journey has been Prime Minister Narendra Modi, whose vision and policy decisions have propelled the nation’s space sector to new heights. The successful Chandrayaan-3 mission, coupled with PM Modi’s bold initiatives, has set India on an accelerated trajectory in space exploration. Singh, who holds the position of Minister of State (Independent Charge) for the Union Ministry of Science and Technology, emphasized this transformative phase.
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