India’s space sector projected to reach $40 billion in a decade, minister says

An Indian government minister forecasted rapid growth for the nation’s space economy. The projection estimates the sector will be worth $40 billion in ten years. Expansion is driven by increased satellite launches and commercial services. Government policies are aimed at fostering private‑sector participation. The target underscores India’s ambition to become a global space hub. Investment in research, manufacturing, and launch capabilities is expected to rise. Industry observers anticipate new opportunities for startups and exporters. The timeline will be closely watched as the sector evolves.