India's space economy is taking off — and states want a bigger share of the opportunity

firstpost.com Jun 20, 2026

India’s space economy is taking off — and states want a bigger share of the opportunity

Curated by Shubham · TechCapsules · Jun 20, 2026

AI-summarised brief · reviewed before publication

India's space policy has opened the sector to private players, allowing non-government entities to build, own, and operate space assets. The government aims to grow India's space economy from $8-9 billion to nearly $44 billion by 2033, increasing its global share from 2% to 8%. States like Karnataka are building platforms to turn ambition into market reality, with the state aiming to capture nearly 50% of India's space economy. The global space economy is valued at over $600 billion and is projected to exceed $1.8 trillion by 2035.

💡 Why It Matters

· The shift in India's space policy creates a structural change, expanding the country's ecosystem with close to 200 space startups and over 400 private companies.
· This momentum on the ground will likely propel India's space economy to new heights, solidifying its position as a major player in the global space industry.

Capsules Space

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