India’s space journey: The ”sky is not the limit” for India’s space journey, according to Union Minister Jitendra Singh, who added that the country’s ”space industry” is expected to surpass USD 40 billion by 2040.
The Union Minister of State in the Prime Minister’s Office delivered the inaugural-cum-keynote address at the Central University of Jammu’s Campus Dialogues on Chandrayaan-3 with the theme ”Viksit Bharat @2047”.After the successful Chandrayaan-3 mission and the opening of the space sector by Prime Minister Narendra Modi, India’s space journey has no limits,” said Singh.
Singh is also the Minister of State (Independent Charge) for the Ministry of Science and Technology of the Union.
Sky not limit for India’s space journey
Modi’s ”courageous decision” to liberate the sector from the ”shackles of the past” enabled India’s quantum leap in space research, with the country’s space economy presently standing at USD 8 billion, according to him.
Singh stated, ”India’s space economy is expected to surpass USD 40 billion by 2040, and according to the ADL (Arthur D. Little) Report, it has the potential to surpass USD 100 billion by 2040 — a massive increase.” In addition, he discussed the Chandrayaan-3 mission and India’s successful hosting of the G20 Summit in New Delhi. India has made a quantum leap in its space mission over the past nine years, the minister said, adding that the Modi government has created a supportive ecosystem.
Comprised of the lander (Vikram) and the rover (Pragyan), the Indian Space Research Organisation’s (ISRO) Chandrayaan-3 landed on the lunar south pole in August, making India the first nation to descend on the uncharted surface and joining an exclusive club of four nations.
The number of start-ups has increased rapidly, as the space industry has been opened to private investment, as stated by Singh.
He cited to the ISRO Teaching Centre established at the Central University of Jammu and NIT-Agartala as evidence that the central government has embarked on a mission to open space technology teaching centres in higher education institutions.
Singh, enumerating the salient features of the new National Education Policy, stated that India’s youth are no longer ”prisoners of their ambitions” because the policy now enables them to autonomously choose or switch subjects based on their aptitude, skill, and interest.
