India’s space budget tripled in last 10 yrs: Minister

 

 

INDIA’S space budget almost tripled in the last 10 years -- from Rs 5,615 crore in 2013-14 to Rs 13,416 crore in 2025-26 -- the Government said on Saturday. According to Union Minister Dr Jitendra Singh, India’s space technology is no longer confined only to the launch of rockets, but is also playing a major role in revolutionising governance by supplementing transparency, grievance redressal and citizen participation. “In the process, there is reduced scope of corrupt practices, more discipline in observing timelines and less of so called red-tapism,” he said while addressing the ‘Space-Tech for Good Governance’

 

Conclave here. The number of space startups has grown from one to more than 300, positioning India as a key revenue generator in the global space market. India has launched 433 foreign satellites, with 396 of them launched since 2014, generating $192 million and 272 million euros in revenue.