Blitz Bureau
NEW DELHI: Policy continuity and institutional clarity by the government and an expanding public-private partnership framework led to the growth of India’s private space sector in 2025, said Lt. Gen. AK Bhatt (Retd.), Director General, Indian Space Association (ISpA) on December 30. Bhatt noted that 2025 was marked as a decisive year for India’s space sector as policy reforms translated into tangible execution across launch, including satellite manufacturing, Earth observation, space data, and satellite communications.
“Growth during 2025 was driven largely by the private industry. The year saw contracts awarded, production lines established, satellites deployed, launch vehicles move closer to operational readiness, and data-driven services scale across civilian, commercial, and strategic domains,” the expert said. India’s space economy, currently valued at approximately $9 billion, is now on a clear trajectory towards $44 billion in the coming decade.
Public-private partnerships emerged as a central operating model across the space value chain in 2025. India’s share of the global space economy, currently estimated at around 2 per cent, is projected to increase to nearly 8 per cent by 2033, driven primarily by private industry. “Policy instruments, including the New Space Policy 2023, liberalised FDI Policy 2024, and implementation of the Indian Telecommunications Act 2023, provided predictability for long-term private investment,” Bhatt said.
Liberalised FDI norms and IN-SPACe’s single-window authorisation framework supported increased participation by both domestic and international players. “India’s space ecosystem crossed an important scale milestone in 2025, with over 300 active space startups now operating across launch vehicles, satellite platforms, Earth observation, satellite communications, propulsion, electronics, space situational awareness, and downstream analytics,” Bhatt said.
