The Economic Times

India must cut launch costs, boost local manufacturing to become world's third-largest space economy: DoT official

India is on a mission to become the world's third-largest space economy by the year 2033. This ambitious vision hinges on vital changes in policy and regulatory frameworks. Lowering launch costs and ramping up local manufacturing of materials are critical. Additionally, emphasizing satellite applications in the downstream sector is essential for revenue enhancement. Strengthening the regulatory functions of IN-SPACe will be key to this sector's success.