What Happened
US Department Of Commerce Forecasts Rapid Growth In Indian Space Sector
The US Department of Commerce predicts India’s share of the global space market will rise fivefold within seven years, driven by policy reforms and closer ties with the US. India currently accounts for less than 2% of the global space market, but this share is expected to reach 10% within the next five to seven years. The department’s International Trade Administration highlighted investment prospects for US companies in satellite systems, advanced spaceflight, and manufacturing. This development was reported by an unknown source.