India’s space economy has potential to reach ₹35,200 crore ($44 billion) by 2033 with about 8% of global share

Indian National Space Promotion and Authorization Centre (IN-SPACe) unveiled the decadal vision and strategy for the Indian space economy, on October 10.

IN-SPACe is the single-window, autonomous, nodal agency under the Department of Space. The decadal vision and strategy has been developed by IN-SPACe and ISRO along with other stakeholders.

At present, the Indian space economy is valued at around ₹6,700 crore ($8.4 billion) with a 2% share in the global space economy.