IN SPACE & TIME

With 368 private space tech firms, India’s space economy is the fifth largest globally after the US, the UK, Canada and Germany

India constitutes nearly 2% of the $360-billion commercial space economy, which is expected to increase to over 10% by 2030

Since June 2020, private enterprises are allowed to participate in all areas of the space sector economy

Currently, around 75 start-ups are registered under the space technology category on the Startup India portal

Indian National Space Promotion and Authorisation Centre (IN-SPACe), formed in June 2020, supports private players to become independent actors instead of just vendors

Indian Space Association (ISpA) was launched in October 2021 to accelerate the development of the commercial space sector