India’s space economy to be reach $13 billion by 2025

India’s space economy to be reach $13 billion by 2025 : As per the report, ‘Developing the Space Ecosystem in India: Focusing on Inclusive Growth’, India’s space economy is expected to touch $12.8 billion by 2025.

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The report was released by the Indian Space Association (ISpA) and Ernst and Young.
Reason: Increasing private participation, increased demand for small satellites
It was also noted that, India has of over 100 space tech start-ups with investments in the segment touching $68 million in 2021.