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Space Economy To Touch 13 Billion $ By 2025

Space Economy To Touch 13 Billion $ By 2025
Space Economy To Touch 13 Billion $ By 2025
  • India’s space economy is likely to be worth nearly $13 billion by 2025, with the satellite launch services segment set to witness the fastest growth due to increasing private participation, according to a report released .
  • India’s space economy was pegged at 9.6billionin2020andisexpectedtotouch12.8 billion by 2025, according to the report titled ‘Developing the Space Ecosystem in India: Focusing on Inclusive Growth’. In dollar terms, the satellite services and applications segment would be the largest with a turnover of  4.6billionby2025,followedbygroundsegmentat4 billion. The satellite manufacturing stands at  3.2billionandlaunchservicesat1 billion.

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Published date : 12 Oct 2022 04:50PM

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