The space economy is projected to grow fivefold over the next decade, reaching USD 44 billion.
Dr Singh, hailed the Budget 2024-25 announcements related to the space sector as visionary, with the potential to revolutionize India's position in global space exploration and the private space industry.
According to Department of Space, Dr Jitendra Singh highlighted that the Modi government has freed the space sector from its past limitations, with the credit going to Prime Minister Narendra Modi.
He explained that for 60-70 years, the space industry operated under a self-imposed secrecy that limited access to resources and knowledge, despite India's abundance of talent.
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