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India's Space Economy Expected to Hit USD 40-45 Billion in 7-8 Years, Says Dr. Jitendra Singh

India's space economy, currently valued at approximately USD 9 billion, is projected to grow to USD 40-45 billion within the next seven to eight years, according to Union Minister Dr. Jitendra Singh. He made this announcement during a media roundtable in New Delhi on October 17, 2026. Dr. Singh emphasized the need for India to transition from merely showcasing its technological capabilities to establishing globally competitive space companies. He highlighted that increased investments, predictable demand, quicker regulatory processes, and sustainable business models are crucial for the growth of the Indian space industry.

The Radius summarizes this story. Read the original report from PIB News.