• HINDI
  • JaiTV
  • Login
Ganga News Today
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • FASHION
  • TECH
  • LIFESTYLE
  • SPORTS
  • OTHERS
    • PEOPLE
    • OPINION
    • BREAKING NEWS
    • INFO
    • SOCIAL
    • VIDEOS
No Result
View All Result
Ganga News Today
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • FASHION
  • TECH
  • LIFESTYLE
  • SPORTS
  • OTHERS
    • PEOPLE
    • OPINION
    • BREAKING NEWS
    • INFO
    • SOCIAL
    • VIDEOS
No Result
View All Result
Ganga News Today
No Result
View All Result
Home SCIENCE

India’s Space Economy Projected to Exceed $80 Billion by 2040

by Ayushi
August 30, 2023
in SCIENCE
Singh underscored India's stellar track record in space commerce, citing the successful launch of over 380 foreign satellites, generating substantial revenues exceeding 250 million euros and $170 million from launching US satellites.
X (Twitter)FacebookWhatsappTelegram

Union Minister Jitendra Singh has indicated that India’s space economy is on a trajectory of expansion, with projections indicating it could exceed $80 billion by 2040. He highlighted the significant progress India has made in space commerce, with successful satellite launches and collaborations with foreign entities generating substantial revenues.

 

Singh praised Prime Minister Modi’s efforts in boosting the space sector, mentioning that more than 150 startups have emerged within just a few years. He emphasized India’s successful track record in launching over 380 foreign satellites, resulting in revenues exceeding 250 million euros and $170 million from launching US satellites.

RelatedPosts

India Selects First Astronauts for Gaganyaan Mission

February’s Full Moon: Snow Moon, Hunger Moon, and Minimoon

NASA Spots Super-Earth Orbiting Nearby Star

 

Currently, India’s space economy accounts for around $8 billion, representing 2% of the global market share. However, Singh noted that conservative projections suggest a growth to $40 billion by 2040. Additionally, a recent ADL (Arthur D Little) Report suggested the potential for India’s space economy to reach $100 billion by 2040. Singh attributed this growth to the increased pace of India’s space activities and frequent launchings.

 

Addressing upcoming space missions, Singh mentioned that the Gaganyaan mission is set to have its first trial flight by October, followed by the launch of the first Sun Mission “Aditya-L1” on September 2. In the second trial, expected in early 2024, a female robot named “Vyommitra” will be part of the Gaganyaan mission before the first human mission, which could involve up to three astronauts.

 

Singh emphasized that India’s space research and atomic energy programs are entirely peaceful and not in competition with other nations. He highlighted collaborations with leading space agencies and the launch of satellites for private foreign entities and educational institutions.

 

Furthermore, Singh discussed the widespread applications of space technology in various sectors, including railways, highways, agriculture, water mapping, smart cities, telemedicine, and robotic surgery. He noted that space technology has brought “Ease of Living” to the common people in India, touching virtually every household.

Tags: expansionGaganyaanINDIAJitendra SinghProjectionSpace CommerceSpace EconomySpace Technology
Previous Post

Burger King Faces Lawsuit Over Misleading Whopper Burger Size

Next Post

15,000 Indian Tech Professionals Relocate to Canada in 12 Months

Related Posts

ISRO chief S Somanath diagnosed with cancer on day of Aditya-L1 launch, underwent surgery and chemotherapy after confirmation from doctors.

India Selects First Astronauts for Gaganyaan Mission

February 27, 2024
The full moon on February 24 will happen when the Moon is exactly on the opposite side of the Earth from the sun. The “Snow Moon” will be the smallest of the year as it rises during dusk on Saturday.

February’s Full Moon: Snow Moon, Hunger Moon, and Minimoon

February 24, 2024
TOI-715 b, a Super-Earth, has been detected by NASA orbiting Earth and is about 1.5 times the size of our planet. It is located in another solar system 137 light-years away and could have the right conditions for liquid water.

NASA Spots Super-Earth Orbiting Nearby Star

February 10, 2024
Researchers at Stanford University have identified up to 70 non-native earthworm species in the US that could have devastating ecological consequences. These invasive species consume more aboveground leaf litter than native worms, potentially destroying plants and impacting insects and amphibians.

Alien Earthworms Threaten North American Ecosystems

February 10, 2024
NASA and Lockheed Martin Unveil X-59 Supersonic Aircraft

NASA and Lockheed Martin Unveil X-59 Supersonic Aircraft

January 20, 2024
A spacecraft which was heading for the moon, carrying a piece of Mount Everest, scientific experiments, messages from Earth and human remains, suffered a "critical loss of propellant"

US Lunar Lander: Propellant Hampers Mission to the Moon

January 9, 2024
Next Post
Over 15,000 Indian tech workers have moved to Canada in the span of just 12 months, from April 2022 to March 2023. This shows that the country has emerged as a global magnet for tech industry talent, according to Khalsa Vox.

15,000 Indian Tech Professionals Relocate to Canada in 12 Months

Recent News

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

May 29, 2025

Digital Gold vs Physical Gold : Which is Better

May 14, 2025
Truecaller Introduces Scamfeed : A User-Powered Defense Against Scams

Truecaller Introduces Scamfeed : A User-Powered Defense Against Scams

April 29, 2025
TVS Motor Company Unveils the Upgraded TVS Apache RR 310 with Advanced Features

TVS Motor Company Unveils the Upgraded TVS Apache RR 310 with Advanced Features

April 26, 2025
Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

April 22, 2025
What Indian Car Lovers Can Expect from the VinFast VF 6

What Indian Car Lovers Can Expect from the VinFast VF 6

April 17, 2025
  • ABOUT
  • CONTACT
  • PRIVACY
  • ADVERTISE
  • Hindi – हिंदी
FOLLOW US

© Ganga News Today

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
DTV
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • TECHNOLOGY
  • LIFESTYLE
  • SPORTS
  • FASHION
  • HEALTH
  • PEOPLE

© Ganga News Today

Go to mobile version