The Great Gig in the Sky
Business Today India|September 15, 2024
India is set to play a significant role in space exploration, because of a growing private sector and national projects. The country's space economy is projected to reach ₹35,200 crore by 2033. What will the flight path look like by 2047?
NEETU CHANDRA SHARMA
The Great Gig in the Sky

"BECAUSE IT'S THERE!" English climber George Mallory reportedly said in 1924 when asked why he was trying to climb Mt Everest for the third time. By then, the farthest corners of the Earth had been explored, and only Everest was left. Mallory and fellow climber Andrew Irvine lost their lives in that bid.

A century later, that retort could sum up why the private sector has become a critical part of India’s space exploration plans, which grabbed eyeballs in 2014 with Mangalyaan. The Mars orbiter mission, its first interplanetary mission, cost less than Hollywood movies on science fiction, and the three Moon missions (2008, 2019 and 2023) have shown that the Indian Space Research Organisation (Isro) has come of age.

In 2020, the government allowed the private sector to reach for the stars, creating the Indian National Space Promotion and Authorisation Centre (IN-SPACe). Private companies swarmed into the sector.

Coming up: missions targeting other planets and celestial bodies, a Mars mission and lunar exploration. By 2030, India’s share of the global space economy will be four times what it was in 2021, going up to 8% by 2030 from 2% in 2021. By 2047, India’s share will be 15%.

Sam Hutchison, Co-founder of Space Exploration and Research Agency (SERA), is pitching for democratised space travel. He says a few nations have dominated space exploration. Over 80% of all astronauts have come from three countries—the US, Russia, and China.

Hutchison says things are changing. SERA is leveraging innovative space technologies such as Blue Origin’s New Shepard rocket to build a community-driven platform that allows anyone, anywhere, to participate in space exploration and research. “As India’s national manned space programme advances, we are excited to include India in our upcoming mission,” Hutchison says. SERA will help India launch a citizen astronaut.

Esta historia es de la edición September 15, 2024 de Business Today India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición September 15, 2024 de Business Today India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS TODAY INDIAVer todo
The EV Craze
Business Today India

The EV Craze

The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly

time-read
5 minutos  |
November 10, 2024
The Storage Boom
Business Today India

The Storage Boom

Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?

time-read
8 minutos  |
November 10, 2024
India Beckons
Business Today India

India Beckons

Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before

time-read
4 minutos  |
November 10, 2024
The Pearls of The Sea
Business Today India

The Pearls of The Sea

Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it

time-read
4 minutos  |
November 10, 2024
66.Brand persona should define the core"
Business Today India

66.Brand persona should define the core"

I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.

time-read
1 min  |
November 10, 2024
Unwind in Style
Business Today India

Unwind in Style

Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury

time-read
3 minutos  |
November 10, 2024
A Lifelong Affair with Inspiration
Business Today India

A Lifelong Affair with Inspiration

In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art

time-read
3 minutos  |
November 10, 2024
Make it Bubbly
Business Today India

Make it Bubbly

Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles

time-read
4 minutos  |
November 10, 2024
Palatial Splendour
Business Today India

Palatial Splendour

Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers

time-read
7 minutos  |
November 10, 2024
Of Beaches and Cream
Business Today India

Of Beaches and Cream

GianChand Single Malt Whisky

time-read
1 min  |
November 10, 2024