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India’s Space Economy To Reach $13 Billion By 2025

New Delhi: A boost in the volume of anticipated satellite launch services in India can catapult the country’s space economy to $13 billion in revenues by 2025, a report by consultancy firm EY India and industry body Indian Space Association (ISpA) said on Monday.

Unveiled at the 2022 Indian Space Conclave in the national capital, the rport projected satellite and space launch services from both Indian Space Research Organization (ISRO) and private space startups to grow the fastest-at a compound annual growth rate (CAGR) of 13 percent in the next three years.

Launch services, which is the most in-demand commercial service for the global space industry is expected to see a rise in India with advent of private companies like Agnikul Cosmos, Skyroot Aerospace, and Bellatrix Aerospace. India’s ISRO is hoping to capture a significant share of an increasing demand for launching satellites into orbit.

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