India's Space Economy Expands to $8.4 Billion with Surge in Start-Ups

India's space economy has reached an estimated $8.4 billion, fuelled by key policy reforms since 2019 that allowed private sector participation. The formation of Indian National Space Promotion and Authorisation Centre has boosted private involvement, increasing the number of space start-ups to 399. Notable collaborations include Hindustan Aeronautics Limited partnering with Indian Space Research Organisation for technology transfers. The space sector's value is projected to grow significantly, contributing greatly to India's economic future.

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