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Vibrant Gujarat Global Summit Day 2: ISRO chairperson Somnath urges industry to better utilise data collected by space dept

“.India is a huge country where the user segments are still not explored to an extent, which we need to do. Here there is a huge potential. How do you bring the data available through our remote sensing satellites for commercial activity,” he added.

india: India s space economy has potential to reach USD 44 bn by 2033, says top official

India s space economy has the potential to grow to USD 44 billion by 2033, with 8% of the global share, according to IN-SPACe Chairman Pawan Goenka. Currently, India s share in the global space economy is only 2%. The decadal vision and strategy for the Indian space economy, developed by IN-SPACe and ISRO, aims to foster collaboration between all stakeholders and increase private sector participation. The strategy focuses on demand generation, earth observation, communication, navigation, R&D, talent pool creation, access to finance, international collaboration, and policy and regulation.

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