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India's space economy to hit $40 bn by 2040: Minister
The Daily Guardian
|November 27, 2023
India's space economy is poised to reach USD 40 billion by 2040, and scientists will also enjoy a better working environment, Union Minister Jitendra Singh said here.
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The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even go up to USD 100 billion by 2040. "At present, our space economy is not very impressive, as we have just about USD 8 million. But we are moving in quantum jumps, and in the foreign satellite launch alone, we have earned about EUR 230-240 million for launching European satellites and about USD 170-180 million for launching American satellites," Singh said.
He was speaking to PTI after inaugurating the 60thanniversary celebrations of ISRO's rocket launch here on Saturday.
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