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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
News

'Future assured when space travel becomes as common as air travel': Musk after successful NASA-SpaceX mission

In a press conference, Musk also highlighted how this success was 'one of those things that’s universally good, no matter where you are on planet Earth'Trump also congratulated the whole team on the success of the two month-long mission

1 min read3 Aug 2020
Science

NASA-SpaceX mission: Astronauts prepare for first splashdown in 45 years

It will mark the first splashdown in 45 years for NASA astronauts and the first return in the Gulf of MexicoA SpaceX recovery ship with more than 40 staff, including doctors and nurses, was poised to move in at splashdown, with two smaller, faster boats leading the way

3 min read2 Aug 2020
Opinion

Opinion | Ready to reveal secrets from the right side of the moon

Apart from the ability to orbit a solar-system object, the Chandrayaan 2 project will carry out scientifically valuable exploratory missions around landing points through robotic rovers

4 min read5 Sep 2019
Lounge

‘Dream of ages comes true’

The Apollo 11 mission sent ripples across the world as man landed on the moon. How did Indians wake up to the news?Lounge goes into the archives to see how the event registered amidst news of a deputy prime minister’s resignation and the nationalization of 14 banks

7 min read20 Jul 2019
News

Isro plans Moon landing in September

The mission to the moon -- India’s second -- will have an orbiter, a rover and a landerIt is likely to be launched between July 9 and July 16, Isro said

1 min read2 May 2019
News

Mission Shakti makes India a space power: 10 FAQs on DRDO's ASAT answered

DRDO' ASAT shooting down an low-orbital satellite gives India anti-satellite capabilities, says PM Narendra Modi in address to nationThe 'Mission Shakti' isn't directed against any country, nor does it aim to start a space race, says the prime minister

5 min read27 Mar 2019
Science

Isro set to launch Chandrayaan-2 by March-April

The new launch date comes after Chandrayaan-2 missed two earlier launch windows in 2017 and 2018

2 min read12 Jan 2019
Science

ISRO wants Gaganyaan mission to be more indigenous, says K. Sivan

Isro chief K. Sivan says the space agency wants to make use of maximum facilities available in India and make it more and more indigenous

1 min read29 Nov 2018
Science

First unmanned mission under Gaganyaan by Dec 2020: ISRO chief

ISRO chief K. Sivan says the space agency has set a ‘target’ of achieving the country’s ambitious manned mission to space by 2021, with the first unmanned programme of ‘Gaganyaan’ planned for Dec 2020

1 min read14 Nov 2018
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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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