India’s space economy will grow three times in the next 10 years: Jitendra Singh

The Indian space economy, which currently contributes eight to nine per cent to the world space economy, will grow three times in the next 10 years, according to Union Minister Jitendra Singh.

Speaking at the India Economic Conclave organized by Times Network in New Delhi, Singh said India is on the path to raising its space sector to global standards.

he/she said that India has taken a giant leap in the space economy since 2014.

Responding to a question on how India can benefit from its natural resources in the future in terms of creative development, the Union Minister said Prime Minister Narendra Modi has opened up the space sector to private players, who have enough space to leverage. Provides opportunities.

Quoting the Ministry of Science and Technology, Singh said that India will have its own space station by 2035. The Union Minister said that we need to explore unexplored areas. There is no dearth of resources, capability, commitment and passion.

The minister said that even though ISRO was born after NASA, today it is not behind any other organization in the world. Its capacity is increasing day by day. So far we have launched more than 432 satellites, of which 397 were launched after Prime Minister Narendra Modi assumed power in 2014.

The Union Minister said that to achieve the target of 2047 and make India a global phenomenon, we need to follow global strategies and parameters.

The minister further said that India’s space, marine and Himalayan resources, which were inadequately explored before PM Narendra Modi assumed power, will contribute significantly to India’s future economic growth.