India's space economy to reach USD 40-45 bn in less than decade: Jitendra Singh

Hyderabad, Nov 5 (UNI) union Minister of State (Independent Charge) for Science and Technology Dr Jitendra Singh on Thursday said India's space economy, currently estimated at nearly USD 9 billion, was expected to grow to USD 40-45 billion in less than a decade, with private sector participation and startup innovation driving the expansion. Virtually inaugurating Cosmoserve Space's Base 1, India's first private integrated space debris removal facility here in the presence of State IT and Industries Minister D Sridhar Babu, he said the opening up of the space sector through reforms initiated by Prime Minister Narendra Modi had unlocked enormous…