With over 350 private space companies, India in fifth place globally SECTIONS Share Synopsis India has 368 firms compared to 288, 269 and 206 in China, France and Spain, respectively. Japan and Russia have 184 and 56. The report lists 368 firms in India compared to 288, 269 and 206 in China, France and Spain, respectively. (Representative photo: PTI) (This story originally appeared in on Jun 03, 2021)Amid all the pandemic gloom, good news emerging from India’s space tech sector is that the number of private firms — more than 350 — is already more than Japan, China and Russia, putting India in fifth place globally. Of the 10,000-odd firms analysed as part of a global report that projects the space tech economy to touch $500 billion by 2025, over 5,500 are in the US, followed by the UK, Canada and Germany. The report lists 368 firms in India compared to 288, 269 and 206 in China, France and Spain, respectively. Japan and Russia have 184 and 56, respectively.