Under the revised norms, up to 100 percent foreign investment is allowed for the manufacture of components and systems for satellites, and for ground and user segments, through the automatic route.
Research shows that 40% of Indian startups that received seed funding rounds between $500,000 and $5 million in 2022 are building for global markets. Most are building software across categories. But we re starting to see more internationally focused consumer brands and B2B commerce companies. The new wave of AI startups will only accelerate this trend. Over 50% of new startups launched in India are likely to be global from day one.
India gears up to take on China’s ambitions to militarily and economically dominate the universe, even as the US and allies up the ante with new technology and massive funds