Overview
- Between 2015 and 2024, India launched 393 foreign satellites for 34 countries, earning about $143 million plus €272 million in commercial launch fees.
- The national space economy is valued at roughly $8.4 billion, with an official projection to grow to about $44 billion over the next decade.
- NSIL’s revenue climbed from Rs 322 crore in FY20 to Rs 2,940 crore in 2023, with FY25 projected at Rs 3,246.1 crore and profitability improving.
- Policy steps including the Indian Space Policy 2023, the operationalisation of IN-SPACe, and liberalised FDI rules have lowered entry barriers for private players.
- India’s private ecosystem attracted over Rs 1,000 crore in FY23 and satellite data services reached $495 million in 2024, with a Rs 1,000 crore VC fund and a Rs 500 crore Technology Adoption Fund reported to accelerate startups.