India's Space Budget Sees Nearly Threefold Increase in a Decade: Minister
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Synopsis
India's space budget has seen a nearly threefold increase over the past decade, escalating from Rs 5,615 crore in 2013-14 to Rs 13,416 crore in 2025-26. Minister Dr. Jitendra Singh highlighted the broader implications of space technology on governance and national security, showcasing its integral role in India's growth.
Key Takeaways
- India's space budget has tripled in 10 years.
- Over 300 space startups are now operational.
- India has launched 433 foreign satellites since 2014.
- Space technology enhances governance and national security.
- Chandrayaan-3 made India the first to reach the Moon's southern pole.
New Delhi, March 8 (NationPress) India’s space budget has nearly tripled over the past decade, increasing from Rs 5,615 crore in 2013-14 to Rs 13,416 crore in 2025-26, as reported by the government on Saturday.
Union Minister Dr. Jitendra Singh highlighted that India's space technology now extends beyond just launching rockets. It significantly enhances governance, promoting transparency, grievance resolution, and citizen engagement.
“This progress has led to a reduction in opportunities for corruption, improved adherence to deadlines, and minimized bureaucratic delays,” he stated while speaking at the ‘Space-Tech for Good Governance' Conclave.
The emergence of space startups has surged from a single entity to over 300, establishing India as a major player in the global space economy.
India has successfully launched 433 foreign satellites, with 396 of these missions occurring since 2014, resulting in revenue of $192 million and 272 million euros.
Dr. Singh emphasized the impact of Prime Minister Narendra Modi's leadership, detailing how space technology is crucial in enhancing the quality of life for Indian citizens through effective governance.
This technology has become fundamental to every Indian household, powering various governance services facilitated by satellites from the Department of Space, the minister noted.
Additionally, Dr. Singh pointed out that space technology is vital for national defense, border monitoring, and geopolitical intelligence, making significant contributions to India's security.
The minister highlighted the increasing relevance of India's space sector as a promising opportunity—not only for startups and employment generation but also for modernizing governance practices.
He also stressed the importance of space technology in India’s agricultural sector, a key component of the economy, stating its role as a crucial force in enhancing decision-making, weather predictions, communication, disaster preparedness, early warning systems, urban development, and security.
Dr. Singh noted that neighboring countries are increasingly reliant on India's satellite systems, further solidifying India’s status as a regional leader in space.
“The era of following others is behind us. Now, India leads the way,” the minister remarked, referencing the successful Chandrayaan-3 mission, which made India the first nation to reach the Moon's southern pole.
