📷 Image: Wikimedia Commons / Indian Space Research Organisation
Science
India’s $9 bn Space Economy Celebrated on National Space Day, ISRO Charts 2035 Roadmap
✍️ NDTV Profit
🗓 23 Aug 2026, 02:37 PM
👁 5
On National Space Day, India highlighted its $9 billion space industry and unveiled ISRO’s long‑term mission plan extending to 2035.
National Space Day was marked across the country with a focus on the rapid growth of India's space sector, now valued at roughly $9 billion. Industry analysts attribute this expansion to a mix of commercial launch services, satellite manufacturing and a burgeoning downstream market that serves telecommunications, agriculture and disaster management.
The Indian Space Research Organisation (ISRO) used the occasion to outline its strategic roadmap through 2035. The plan emphasizes heavier lift capabilities, a series of lunar and Martian missions, and the development of reusable launch vehicles to lower costs and increase launch frequency.
Government officials said the roadmap aligns with broader economic goals, aiming to attract private investment and position India among the top three space-faring nations by the mid‑2030s. The roadmap also includes collaborations with international agencies and an emphasis on indigenous technology development.
Stakeholders view the $9 billion valuation as a baseline, expecting the sector to double its size by the end of the decade as commercial demand for satellite services rises.
Overall, the celebrations underscored how space technology has become a cornerstone of India's high‑tech economy and a driver of future growth.
The Indian Space Research Organisation (ISRO) used the occasion to outline its strategic roadmap through 2035. The plan emphasizes heavier lift capabilities, a series of lunar and Martian missions, and the development of reusable launch vehicles to lower costs and increase launch frequency.
Government officials said the roadmap aligns with broader economic goals, aiming to attract private investment and position India among the top three space-faring nations by the mid‑2030s. The roadmap also includes collaborations with international agencies and an emphasis on indigenous technology development.
Stakeholders view the $9 billion valuation as a baseline, expecting the sector to double its size by the end of the decade as commercial demand for satellite services rises.
Overall, the celebrations underscored how space technology has become a cornerstone of India's high‑tech economy and a driver of future growth.