Will India's space sector expand from $8 billion to $45 billion in the next decade?
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Synopsis
India's space sector is on track for monumental growth, potentially reaching $45 billion in just a decade. This ambitious projection was highlighted by Jitendra Singh at the IISC 2025, where he emphasized the importance of space applications for citizens. The event also celebrated milestones in human space exploration, demonstrating India's commitment to its space ambitions.
Key Takeaways
- India's space sector is projected to rise from $8 billion to $45 billion over the next decade.
- Space reforms have played a pivotal role in recognizing space as a significant part of the economy.
- Focus on citizen-centric applications distinguishes India's approach in the global space sector.
- The IISC 2025 highlights India's commitment to space exploration and innovation.
- International interest in India's space capabilities is increasing, signaling growing opportunities.
New Delhi, Nov 18 (NationPress) The Indian space sector is poised to increase from its current valuation of $8 billion to an impressive $45 billion over the next decade, as stated by Jitendra Singh, Minister of State for Science and Technology and Department of Space, during a recent event.
At the 4th edition of the India International Space Conclave (IISC) 2025 in New Delhi, Singh emphasized that the space industry will play a significant role in driving India's future economic development.
“The space reforms instituted in the last five years have marked a pivotal moment. Our previously fragmented space economy is now recognized as a critical component of the national economy. Currently valued at $8 billion, projections indicate that it could reach $44-45 billion in the next decade,” Singh remarked.
“In the future, space applications will be crucial for enhancing the quality of life for citizens, a focus that sets us apart from many countries actively engaged in the space sector,” he added.
The IISC 2025 is organized by the Indian Space Association (ISpA) in partnership with ISRO and IN-SPACe.
During the event, Gp Capt Shubhanshu Shukla, the first Indian to reach the International Space Station, was honored, symbolizing national pride and the human spirit of exploration.
“Upon crossing into space, I was assigned the number 634. Upon my return, children expressed their newfound awareness of the ISS because of my journey. Seeing someone relatable achieve what seems impossible inspires dreams. We have set ambitious targets, but achieving them requires collective participation. The sky was never the limit—for me, for you, or for Bharat,” Shukla stated.
Lt. Gen. AK Bhatt (Retd.), Director General of ISpA, shared insights on innovation and resilience within India’s space sector, noting that international interest in the Indian space sector is on the rise.
“We're observing heightened interest from various global trade entities, indicating expanding prospects within India’s space landscape. The upcoming year is set to witness numerous rocket and multi-sensor satellite launches, showcasing the vibrancy of our space ecosystem,” he remarked.
This premier two-day event aims to unite senior government officials, global and Indian industry leaders, innovators, and policymakers.
Point of View
I recognize the significance of the remarkable growth forecast for India's space sector. With a focus on citizen-centric applications and increased international interest, this development reflects the nation's commitment to advancing its space capabilities and contributing to global space efforts. The trajectory of India's space economy signifies both potential opportunities and challenges ahead.
NationPress
18/11/2025
Frequently Asked Questions
What is the current value of India's space sector?
India's space sector is currently valued at $8 billion.
What is the projected growth for India's space sector in the next decade?
The sector is projected to grow to approximately $45 billion in the coming decade.
Who organized the India International Space Conclave 2025?
The event was organized by the Indian Space Association (ISpA) in collaboration with ISRO and IN-SPACe.
Who was honored at the IISC 2025 event?
Gp Capt Shubhanshu Shukla, the first Indian to land on the International Space Station, was honored at the event.
What role does the Indian government see for space in economic growth?
The Indian government views the space sector as a crucial contributor to the country's economic growth.
