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

Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, and Minister of State in the

Prime Minister’s Office, Department of Atomic Energy, Jitendra Singh has said India’s space economy is poised to grow from the current $8-9 billion to nearly $40-45 billion over the next decade, driven by policy reforms, growing private participation and a rapidly expanding innovation ecosystem.

Addressing a press conference here, the minister said the transformation of India’s space sector reflects a larger change taking place across the country, where science and technology have moved beyond laboratories to become part of the national consciousness.

He said one of the most significant achievements of recent years has been the growing connection between science and society, with citizens increasingly seeing themselves as stakeholders in India’s scientific progress.

Singh said the growing prominence of science and technology in public discourse reflects the vision of Prime Minister Narendra Modi, who has consistently brought science-driven initiatives into the national mainstream through his Independence Day addresses.

He said programmes such as Swachh Bharat, Digital India, Digital Health, Deep Ocean Mission and Gaganyaan have helped position science and innovation at the centre of India’s development journey.

The Minister said India’s growing capabilities in frontier sectors such as space, atomic energy and advanced technologies have strengthened the country’s global standing. He said the confidence generated by these achievements has enhanced the credibility of indigenous technologies and reinforced India’s position as a trusted technology partner.

Singh said recent technological achievements have demonstrated India’s ability to excel in emerging domains where advanced technologies increasingly shape strategic and economic outcomes.

The growing acceptance of Indian technologies and products across international markets reflects the strength of the country’s scientific and technological capabilities, he added.

Referring to the impact of reforms in the space sector, the Minister said India, which had only a handful of space startups a few years ago, today has more than 400 space startups contributing to a vibrant and rapidly expanding ecosystem. He said the scale of growth achieved in a relatively short period demonstrates the enormous potential of India’s space economy.

The Minister said one of India’s unique strengths lies in the extensive use of space technology for governance and development. He said the country has successfully integrated space-based applications into infrastructure planning, project monitoring and public service delivery on a scale rarely seen elsewhere.