Union Minister Dr Jitendra Singh today said India’s space economy is poised to grow from the current 8 to 9 billion dollars to nearly 40 to 45 billion dollars over the next decade. Addressing a press conference in New Delhi, the Minister said, this growth is driven by policy reforms, growing private participation and a rapidly expanding innovation ecosystem. Dr Singh 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 connect between science and society.
The Minister 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. 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. Missions such as Chandrayaan-3 have transformed space science into a subject of widespread public interest, creating unprecedented awareness and engagement among citizens across the country.
India’s growing capabilities in frontier sectors such as space, atomic energy and advanced technologies have strengthened the country’s global standing. The confidence generated by these achievements has enhanced the credibility of indigenous technologies and reinforced India’s position as a trusted technology partner.
