{"id":9875,"date":"2022-10-11T08:12:52","date_gmt":"2022-10-11T02:42:52","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=9875"},"modified":"2025-03-29T15:58:09","modified_gmt":"2025-03-29T10:28:09","slug":"space-economy","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/space-economy\/","title":{"rendered":"Space Economy"},"content":{"rendered":"<h2><strong>About:<\/strong><\/h2>\n<ul>\n<li>According to the report, the space-launch segment would grow at a CAGR of 13%, spurred by growing private participation, latest technology adoption and low cost of launch services.<\/li>\n<li>The satellite services and application segment would form the largest share of the space economy accounting for 36% of the ecosystem by 2025.<\/li>\n<li>On the country\u2019s satellite-manufacturing opportunity, EY and ISpA said that in 2020, it was $2.1 billion. This would reach $3.2 billion by the year 2025.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Indian Space Association (ISpA)<\/strong><\/h2>\n<ul>\n<li>Indian Space Association (ISpA), established in December 2020, is the premier industry association of space and satellite companies. Prime Minister Narendra Modi launched the ISpA on October 11, 2021.\u00a0<\/li>\n<li>The industry association will act as an independent and \u201csingle-window\u201d agency for enabling the opening up of the space sector to start-ups and the private sector, according to the government agenda.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Source :\u00a0<\/strong><a href=\"https:\/\/epaper.thehindu.com\/Home\/ShareArticle?OrgId=GH6ACKBFD.1&amp;imageview=0\" target=\"_blank\" rel=\"nofollow noopener\">The Hindu<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new space economy is the rising commercialization of space exploration.<\/p>\n","protected":false},"author":5,"featured_media":9876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-9875","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=9875"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/9876"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=9875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=9875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=9875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}