Correct Answer : USD 12.8 billion
India's space economy is likely to be worth nearly USD 13 billion by 2025, with the satellite launch services segment set to witness the fastest growth spurred by increasing private participation, according to a report released on Monday(10th Oct 2022).
The growing demand for smaller satellites is set to boost satellite manufacturing in the country and will attract global start-ups in the sector to help incubate space tech companies here, said the report released by the Indian Space Association (ISpA) and Ernst and Young.
India's space economy was pegged at USD 9.6 billion in 2020 and is expected to touch USD 12.8 billion by 2025, according to the report titled 'Developing the Space Ecosystem in India: Focusing on Inclusive Growth'.
In dollar terms, the satellite services and applications segment would be the largest with a turnover of
USD 4.6 billion by 2025, followed by ground segment at
USD 4 billion, satellite manufacturing at
USD 3.2 billion and launch services at
USD 1 billion..
Source : Business Standard
