Introduction: A New Galactic Era

The Indian aerospace sector is currently witnessing an unprecedented financial and technological surge. According to recent parliamentary data, India's space economy is now valued at a staggering $8.4 billion. This growth is largely fueled by a vibrant ecosystem of nearly 400 start-ups that have emerged following the government's decision to liberalize the sector for private participation. Dr. Jitendra Singh, Union Minister of State for Science and Technology, highlighted that this shift marks a transition from a government-monopolized domain to a thriving hub of private innovation and entrepreneurship.

Key Facts & Figures
Current Valuation

$8.4 Billion

Future Projection

$40-45 Billion (Next 10 Years)

Active Start-ups

399 (Up from single digits)

Foreign Satellites

434 Total (399 since 2014)

Launch Revenue

€323 Million & $233 Million

Official Highlights & Policy Shifts

The Role of IN-SPACe

A pivotal moment in this growth trajectory was the establishment of the Indian National Space Promotion and Authorisation Centre (IN-SPACe). Acting as a single-window interface, this agency bridges the gap between the Indian Space Research Organisation (ISRO) and private enterprises, facilitating a seamless flow of technology and resources.

Expanding the Value Chain

Private entities are no longer restricted to minor roles; they are now integral to the entire space value chain. Significant developments include Hindustan Aeronautics Limited (HAL) securing a technology transfer agreement for the Small Satellite Launch Vehicle (SSLV). Furthermore, myriad Indian firms are now actively developing propulsion systems, satellite platforms, and space-grade electronics.

Global Impact & Revenue

India's reliability as a global launch pad has generated substantial foreign exchange. The Minister noted that out of 434 foreign satellites launched in India's history, a massive 399 were launched post-2014. This surge in international clients has contributed significantly to the exchequer, earning approximately €323 million and $233 million, cementing India's status as a competitive player in the global launch market.

Source Information

This report is based on official data presented in the Rajya Sabha by the Department of Space.

Official Link: Press Information Bureau Release ID: 2220433

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Frequently Asked Questions

Q. What is the current value of India's space economy?
As of January 2026, the sector is valued at approximately $8.4 billion.
Q. How many space start-ups are currently active in India?
There are 399 active start-ups working in various segments such as launch vehicles, satellites, and propulsion.
Q. What is IN-SPACe?
IN-SPACe (Indian National Space Promotion and Authorisation Centre) is the government agency responsible for promoting and authorizing private sector participation in space activities.
Q. What is the projected growth for the sector?
The space economy is expected to grow by four to five times, potentially reaching between $40 billion and $45 billion within the next 8 to 10 years.
Q. How much revenue has ISRO earned from foreign launches?
ISRO has generated roughly €323 million and $233 million through the launch of international satellites.