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Space sector poised to surpass $40 billion

by Blitz India Media
June 15, 2026
in News
0
India Space Economy to Reach 45 Billion: Jitendra Singh

Blitz Bureau

NEW DELHI: Union Minister of State (Independent Charge) for Science & Technology and Department of Space, Dr Jitendra Singh, said that India’s space economy is poised to grow from the current $8-9 billion to nearly $40-45 billion over the next decade,

Jitendra said the transformation of India’s space sector reflects a larger change taking place across the country, where science and technology have moved beyond laboratories to become part of the national consciousness.
“The biggest achievement is that the common citizen today feels connected to India’s scientific progress and sees a stake in it,” Singh remarked.

The Minister said the growing prominence of science and technology in public discourse reflects the vision of Prime Minister Narendra Modi, who has consistently brought science-driven initiatives into the national mainstream through his Independence Day addresses.

Jitendra said programmes such as Swachh Bharat, Digital India, Digital Health, Deep Ocean Mission and Gaganyaan have helped position science and innovation at the centre of India’s development journey.

Jitendra said India’s growing capabilities in frontier sectors such as space, atomic energy and advanced technologies have strengthened the country’s global standing. He said the confidence generated by these achievements has enhanced the credibility of indigenous technologies and reinforced India’s position as a trusted technology partner.

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