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India can have a $40-100 billion space industry by 2040 | Mint Primer | Mint

India could achieve a $40-$100 billion space industry by 2040, driven by increased budget, private sector involvement, and satellite internet growth, Arthur D. Little's report states. The nation's space market currently values at $8 billion with 2% global share. ISRO's recent Chandrayaan-3 launch, global space market projected at $1 trillion by 2040, and space tourism potential contribute. To attain this potential, regulatory clarity, foreign investments, incentives, startups support, partnerships, R&D centers, and skill development are key recommendations.

14 Aug 2023
Videos

India's Space Sector: Opportunities and Innovations for Business Growth | Mint Explains

In this video, we'll explore the latest developments in the Indian space sector, from technological advancements to partnerships and collaborations, and the exciting opportunities they present for businesses and investors alike.

18 Apr 2023
Opinion

Opinion | Life on Mars

Signs of groundwater and mystery magnetic pulses on Mars picked up by NASA’s InSight Mars mission seem to indicate that life-sustaining conditions existed far closer to home

1 min read1 Oct 2019
Opinion

Opinion | What it would take for India to become a proper space power

It is not Star Wars yet, but space has undoubtedly become a military theatre. It is time to rethink our approach.

4 min read23 Jun 2019
Mint-lounge

Bringing space debris to light

Dutch designer Daan Roosegaarde's project brings art, design and space debris together

3 min read9 Nov 2018
Politics

India, France plan satellite constellation for maritime surveillance

The launch of 8-10 maritime surveillance satellites will focus on the Indian Ocean, a region that has been witnessing increasing Chinese presence

2 min read16 Sep 2018
Science

China space lab Tiangong-1 may fall to Earth later: European Space Agency

China's defunct space lab Tiangong-1 could hurtle back to Earth later than previously forecast, with the European Space Agency saying it may re-enter the atmosphere as late as Monday morning GMT

3 min read31 Mar 2018
Science

Earth-bound space lab Tiangong-1 to offer ‘splendid’ show, says China

China space agency says the out-of-control space lab Tiangong-1 which will plunge back to Earth in the coming days is unlikely to cause any damage, but will offer a 'splendid' show akin to a meteor shower

2 min read30 Mar 2018
Science

India, Japan mulling possible joint lunar mission, says Isro chief AS Kiran Kumar

Isro chief AS Kiran Kumar says the agency is in talk with Japan on possible joint lunar mission and making use of space segment for providing inputs on weather-monitoring parameters

1 min read18 Nov 2017
Science

Asteroid 2012 TC4 zips through Moon orbit, some satellites

Asteroid 2012 TC4 passes Earth at a distance of 44,000 km, scientists test warning system

1 min read12 Oct 2017
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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