<h2><strong>About:</strong></h2>

<ul>
	<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>
	<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>
	<li>On the country&rsquo;s 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>
</ul>

<p>&nbsp;</p>

<h2><strong>Indian Space Association (ISpA)</strong></h2>

<ul>
	<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.&nbsp;</li>
</ul>

<ul>
	<li>The industry association will act as an independent and &ldquo;single-window&rdquo; agency for enabling the opening up of the space sector to start-ups and the private sector, according to the government agenda.</li>
</ul>

<p>&nbsp;</p>

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<p><strong>Source :&nbsp;</strong><a href="https://epaper.thehindu.com/Home/ShareArticle?OrgId=GH6ACKBFD.1&amp;imageview=0" target="_blank">The Hindu</a></p>

<p>&nbsp;</p>

Space Economy

Overview:

The Indian space economy is set to reach $13 billion by 2025, according to a joint report prepared by EY and the Indian Space Association (ISpA).

About:

Indian Space Association (ISpA)

Space Economy

Overview:

The Indian space economy is set to reach $13 billion by 2025, according to a joint report prepared by EY and the Indian Space Association (ISpA).

About:

Indian Space Association (ISpA)

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