‘Over 400 Space StartUps driving next phase of growth’
NEW DELHI: Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, Dr. Jitendra Singh, on Sunday highlighted India’s burgeoning space economy, which is projected to grow from the current USD 8-9 billion to nearly USD 40-45 billion over the next decade. He said this remarkable growth is driven by recent policy reforms, increased private sector participation, and a rapidly expanding innovation ecosystem.
Addressing a press conference, Dr. Singh emphasized that India’s space sector transformation reflects a broader national shift where science and technology have become integral to the country’s development and public consciousness.
He noted that one of the most notable achievements in recent years has been the increased engagement of citizens with scientific progress. “The biggest achievement is that the common citizen today feels connected to India’s scientific progress and sees a stake in it,” Dr. Singh stated. This growing public interest is a testament to the effectiveness of government initiatives and the changing perception of science as a driver of societal change.
The Minister underscored Prime Minister Narendra Modi’s vision of integrating science and technology into the national development agenda. Modi’s addresses on Independence Day and other forums have consistently highlighted initiatives like Swachh Bharat, Digital India, Digital Health, the Deep Ocean Mission, and Gaganyaan. These programs have successfully positioned science and innovation at the heart of India’s growth story.
Media coverage of scientific missions, especially Chandrayaan-3, has significantly amplified public interest in space science. Dr. Singh pointed out that the widespread attention and engagement surrounding such missions have fostered a sense of national pride and curiosity about India’s technological capabilities.
India’s advancements in frontier sectors such as space, atomic energy, and emerging technologies have bolstered its global standing. The country’s successful missions and indigenous technologies have enhanced its credibility as a trusted partner in the international arena. Dr. Singh highlighted that India’s technological achievements have demonstrated the country’s ability to excel in strategic domains, with growing acceptance of Indian products and solutions across global markets.
The reform-driven growth of India’s space sector has been remarkable. From a handful of startups a few years ago, India now hosts over 400 space startups, creating a vibrant ecosystem that showcases the enormous potential of its space economy. This rapid expansion underscores India’s position as a space-faring nation, capable of executing complex, cost-effective missions like Chandrayaan-3 and the upcoming Gaganyaan program.
India uniquely leverages space technology for governance and development. Initiatives such as PM Gati Shakti, urban development programs, and drone-enabled monitoring systems demonstrate how space-based applications enhance infrastructure planning, project monitoring, and public service delivery. These efforts improve transparency, efficiency, and outcomes across sectors.
Dr. Singh emphasized that setbacks in space missions are part of the scientific process, contributing to stronger systems and future success. The recent PSLV mission anomaly, for example, has been thoroughly analyzed, with corrective measures already implemented to ensure improved future missions.
Overall, India’s scientific achievements are increasingly fueling economic growth, technological self-reliance, and global competitiveness. The participation of startups, industry, and research institutions is creating a robust innovation ecosystem aligned with the vision of Viksit Bharat 2047. Speaking at the RISE Conclave 2026, themed “Innovation & Entrepreneurship Driven Growth for Viksit Bharat 2047,” Dr. Singh highlighted the importance of collaborative efforts to translate scientific research into societal and economic benefits. The event saw participation from over 125 startups and innovators across aerospace, AI, deep-tech, and agri-food sectors, fostering discussions to accelerate India’s journey toward a prosperous, science-driven future.