States » SouthPosted at: Jun 13 2026 8:45PM


India’s space economy set to hit $45 billion in next decade: Jitendra Singh

Bengaluru, June 13 (UNI) India's space economy is expected to witness a five-fold expansion over the next decade, growing from the current USD 8-9 billion to nearly USD 40-45 billion, union Minister of State (Independent Charge) for Science and Technology Jitendra Singh said on Saturday, highlighting the rapid rise of private participation and startups in the country's space sector.
Addressing a media interaction after a science and innovation conclave here, Singh said the opening up of the space sector to private players has fundamentally transformed India's space landscape, turning it into a key pillar of the country's future economic growth.
"Five years ago, after what was described as the unlocking of the space sector, India had only a single-digit number of space startups. Today, we have more than 400 space startups. Our space economy stands at around USD 8-9 billion, and the scale of ascent is so high that we hope to reach USD 40-45 billion in the next eight to ten years," he said.
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