Announcements & other updates
India's space economy projected to reach USD 40-45 billion in 7-8 years
Union Minister Dr. Jitendra Singh announced on 17 October 2026 that India's space economy, currently valued at around USD 9 billion, is expected to grow to USD 40–45 billion over the next seven to eight years. Speaking at a roundtable, the Minister stated that India must transition from demonstrating technology to building globally competitive commercial space companies.
Source details
- Issued by
- Department of Space
- Published on
- Press Information Bureau, pib.gov.in (Press releases)
- File hosted on
- www.pib.gov.in, the government's file server for pib.gov.in
- Dated
- 17 October 2026
- The link opens
- The original press release on the government website, in a new tab, unchanged.
- Our check
- Drafted from the release text and checked by software. Not yet reviewed by a person.