📷 Image: Wikimedia Commons / Ministry of Defence
Business
India’s Space Economy Reaches $9 bn, Targets $40‑45 bn by 2030s
✍️ The Assam Tribune
🗓 23 Aug 2026, 12:03 PM
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The Indian space sector has crossed the $9 billion mark and aims to expand to $40‑45 billion within the next decade, according to the Assam Tribune.
India’s space industry has now crossed the $9 billion threshold, a milestone highlighted by the Assam Tribune. The valuation reflects the combined output of satellite manufacturing, launch services, and related downstream activities.
Industry analysts project that the sector will grow to a $40‑45 billion market size over the next ten years. This ambitious target is anchored in ongoing government initiatives, private‑sector participation, and expanding demand for satellite‑based services.
If realised, the growth would place India among the world’s leading space economies, creating new revenue streams, high‑skill jobs, and broader technological spill‑overs for the national economy.
Industry analysts project that the sector will grow to a $40‑45 billion market size over the next ten years. This ambitious target is anchored in ongoing government initiatives, private‑sector participation, and expanding demand for satellite‑based services.
If realised, the growth would place India among the world’s leading space economies, creating new revenue streams, high‑skill jobs, and broader technological spill‑overs for the national economy.