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Business
India Targets USD 44 Billion Space Economy by Boosting Private Sector
✍️ The Economic Times
🗓 27 Oct 2026, 10:56 PM
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India aims to significantly expand its space economy, driven by increased private sector participation. The government targets a growth from the current USD 8.4 billion to USD 44 billion.
The Indian government has set an ambitious target to grow the nation's space economy to USD 44 billion, a significant jump from its current value of USD 8.4 billion. This expansion is expected to be fueled by increased participation from the private sector. The government is actively encouraging private companies to invest in and develop space-related technologies and services, aiming to create a thriving space industry within India. This move aligns with the global trend of private sector involvement in space exploration and commercialization.