What Happened
New Delhi Seeks To Boost Domestic Space Industry
India is aiming to expand its space economy from $8.4 billion to $44 billion over the next decade, driven by rising demand for low Earth orbit (LEO) satellites and increased launch capacity. The Indian government has introduced reforms to encourage greater private participation, and the Indian National Space Promotion and Authorisation Centre (IN-SPACe) is providing support to startups and companies. According to Dr Vinod Kumar, Director of IN-SPACe, the country now has over 450 space startups and is providing financial support through venture capital funds. This development was reported by an unknown source.