What Happened
EY and CII Report Highlights Growth Opportunities in Space Sector
A joint report by EY and the Confederation of Indian Industry (CII) projects India’s space economy to grow from $8.4 billion to $44 billion by 2033. The report highlights the potential for growth in downstream applications and services, such as satellite communication, Earth observation, and positioning, navigation, and timing services. The Indian government has established a foundation for the space sector, with policies and initiatives in place to support the industry. However, the report notes that the pace of execution and the availability of capital are key constraints to achieving the projected growth. The report was published by Consultancy.in.