Why in the news?
Union Minister Jitendra Singh stated that India’s space economy is expected to grow from USD 8-9 billion to USD 40-45 billion over the next decade, driven by policy reforms, private participation, and innovation.
Key Highlights
- India’s space economy is projected to reach USD 40-45 billion in the next decade.
- The country currently has over 400 space startups, compared to only a handful a few years ago.
- More than 125 startups and technology innovators participated in the RISE Conclave 2026.
Factors Driving Growth
- Liberalisation and reforms in the space sector.
- Increasing private sector participation.
- Expansion of the startup ecosystem.
- Collaboration among industry, academia, and research institutions.
- Focus on innovation-led growth under the vision of Viksit Bharat 2047.
India’s Space Achievements
- Chandrayaan-3 established India among leading space-faring nations.
- Gaganyaan is India’s upcoming human space mission.
- India has demonstrated cost-effective execution of complex missions, including the Mars Orbiter Mission.
Space Technology in Governance
India is increasingly using space applications for development through:
- PM Gati Shakti for integrated infrastructure planning.
- Urban development programmes.
- Drone-enabled monitoring systems.
- Project implementation and monitoring.
- Improved transparency and efficiency in service delivery.
PSLV Mission Anomaly
- The analysis of the recent Polar Satellite Launch Vehicle (PSLV) anomaly has been completed.
- Causes have been identified.
- Corrective measures have been initiated for future missions.
RISE Conclave 2026
- Theme: “Innovation & Entrepreneurship Driven Growth for Viksit Bharat 2047.”
- Brought together researchers, startups, investors, industry leaders, and policymakers.
- Showcased innovations in Aerospace technologies, Artificial Intelligence, Deep-tech, and Agri-food technologies.
[2025] GPS-Aided Geo Augmented Navigation (GAGAN) uses a system of ground stations to provide necessary augmentation. Which of the following statements is/are correct in respect of GAGAN?
I. It is designed to provide additional accuracy and integrity.
II. It will allow more uniform and high quality air traffic management.
III. It will provide benefits only in aviation but not in other modes of transportation.
Select the correct answer using the code given below.
[A] I, II and III
[B] II and III only
[C] I only
[D] I and II only