1 week ago
India’s Space Economy Projected to Reach $40–45 Billion
India’s space industry is becoming much bigger.
It is now worth about $9 billion and could grow to $40–45 billion in the next ten years.
Many new private companies are joining the space sector.
The number of space startups grew from one in 2014 to about 440 by August 2026.
Private investment also increased greatly.
New rules allow companies to work on satellites, rockets and other space services.
The government has created funds to help these companies grow.
India has also completed launches carrying satellites for both Indian and international customers.
India’s space economy has reached $9 billion and is projected to grow to $40–45 billion over the next decade.
Registered space startups increased from one in 2014 to around 440 by August 2026.
Private investment rose nearly six-fold, from $100.5 million in 2021–22 to $618.5 million by March 31, 2026.
India granted 113 authorisations to 52 non-government entities for satellite, payload and launch activities by mid-2026.
Over three years, India completed 12 launch missions carrying 11 national satellites and nine satellites for international customers.
- Who
- India’s government, the Indian Space Research Organisation, private space startups and other non-government entities.
- What
- India’s space economy has expanded to $9 billion and is projected to reach $40–45 billion over the next decade.
- Where
- India’s space sector.
- When
- The projection was reported as India marked National Space Day; the data covers developments through 2026.
- Why
- Growth is being driven by private investment, policy reforms, startup expansion, technology transfers and government financing programs.
Key facts
- Current space economy
- $9 billion
- Projected value
- $40–45 billion over the next decade
- Registered startups
- Around 440 by August 2026, up from one in 2014
- Private investment
- $618.5 million by March 31, 2026, compared with $100.5 million in 2021–22
- Authorisations
- 113 authorisations granted to 52 non-government entities by mid-2026
- Recent missions
- 12 launch vehicle missions completed from July 2023 to June 2026
- Funding programs
- A Rs 1,000 crore Venture Capital Fund, Rs 500 crore Technology Adoption Fund and Rs 75 crore Satellite Bus as a Service allocation
Sources
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