Question

The possibility of development and growth of space industry in the next ten years

Answer 1

The Indian space programme is one of the world’s fastest growing (Figure 1). Backed by investments for over five decades now, India is moving towards increasing its capacity and capabilities of using space technology products and services not only for societal applications but also to support commercial space activities and pursue diplomatic and security objectives. Thus there is an inherent potential to exploit the technological prowess developed in the country for homegrown enterprises to expand products and services for the domestic market as well as participate in the $300-billion global space industry.