What Happened
ISRO, DRDO Drive Growth In Defence And Space Sectors
India’s defence and space sectors are undergoing significant transformations through commercialisation, with the private sector playing an increasingly important role. The Indian Space Research Organisation (ISRO) and the Defence Research and Development Organisation (DRDO) are driving growth in these sectors, with the private sector’s share in defence manufacturing increasing to 24% in FY 2025-26. The space economy has reached about USD 9 billion, with non-governmental private enterprises now seen as development-cum production partners. This development was reported by Outlook Business.