India's Space Economy Set for Major Growth by 2040
India's space economy, which stood at $8.4 billion in 2023, is projected to grow significantly to $44 billion by 2033 and $100 billion by 2040, capturing a larger share of the global space market. The Indian government has implemented various initiatives, such as the Indian Space Policy 2023 and liberalized investment policies, to boost this growth through increased private sector participation, funding, and infrastructure development.
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