- Published on September 24, 2025
- In Deep Tech
India’s Space Story Needs Its Own Elon Musk
For India to increase its share in the global space economy from 2-10% by 2033, private players need to take on more ambitious projects.
- By Sanjana Gupta
The Indian space economy is currently valued at approximately $8.4 billion, representing just 2% of the global space market. The government has set its sights on scaling the space economy to $44 billion by 2033, with $11 billion expected from exports, raising India’s share to about 7-8% worldwide.
At the recent International Conference on Space 2025 event in Bengaluru, industry leaders proposed an even bolder target of capturing 10% of the global market share. India’s space journey, however, has historically been cautious.
Institutional conservatism, shaped by past controversies, has often limited risk-taking. Yet, startups are pushing the boundaries with bold projects. Industry leaders agree that India’s space future will hinge on two critical factors: how much ris
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Sanjana Gupta
An information designer by training, Sanjana likes to delve into deep tech and enjoys learning about quantum, space, robotics and chips that build up our world. Outside of work, she likes to spend her time with books, especially those that explore the absurd.
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