📷 Image: Wikimedia Commons / Indian Space Research Organisation
Business
India's Space Economy Projected to Hit $45 Billion Within 8 Years
✍️ ET Edge Insights
🗓 20 Oct 2026, 11:37 AM
👁 19
ET Edge Insights estimates that India's space sector could be worth $45 billion in the next seven to eight years, driven by growing commercial activities.
Analysts at ET Edge Insights have projected that the Indian space economy may reach a valuation of $45 billion within the next seven to eight years. The forecast reflects the rapid expansion of commercial launch services, satellite manufacturing and data applications that are increasingly attracting private investment.
The estimate comes as the government and private firms intensify collaborations to commercialise space technologies, aiming to reduce reliance on traditional defence‑driven programmes. Industry observers note that a larger share of global satellite launches and downstream services could boost revenue streams for Indian companies.
If realised, a $45 billion market would position India among the top space economies worldwide, underscoring the sector's potential to generate jobs, spur innovation and contribute significantly to the national GDP.
The estimate comes as the government and private firms intensify collaborations to commercialise space technologies, aiming to reduce reliance on traditional defence‑driven programmes. Industry observers note that a larger share of global satellite launches and downstream services could boost revenue streams for Indian companies.
If realised, a $45 billion market would position India among the top space economies worldwide, underscoring the sector's potential to generate jobs, spur innovation and contribute significantly to the national GDP.