 |
VOOZH | about |
|
VOOZH | about |
Secretary, Department of Space and
Chairman, Space Commission
Government of India
India’s space sector has made tremendous growth over the decade. Our advances in space programmes have been highly remarkable, with vigorous and determined efforts of ISRO. Taking the vision of the Government of India in enhancing private sector participation in the space sector, the Confederation of Indian Industry (CII), in association with the Indian Space Research Organization (ISRO), has been organising the Bengaluru Space Expo 2026 (BSX), a Biennial International Exhibition and Conference, since 2008.
As per the Space Report 2025 Q2, the global space economy reached an unprecedented USD 613 billion in 2024- reflecting strong 7.8% year-over-year growth. The milestone underscores the vital role space plays in driving economic growth, ensuring national security, and enhancing public safety.
A World Economic Forum and McKinsey report estimates that by 2035 the global space economy could reach around USD 1.8 trillion.
The Indian space sector, currently valued at USD 8.4 billion, holds a modest 2-3% share of the global space economy. However, projections suggest that by 2033, India’s space industry could expand to USD 44 billion, with exports contributing USD 11 billion- further positioning India as a key player in the global arena (Source: ‘Decadal Vision and Strategy for the Development of the Indian Space Economy' report published by IN-SPACe in September 2023).
