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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.

Read the explainer Press release 2324662Official release from pib.gov.in ↗
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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
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