India’s private space sector received a significant boost with $150 million in funding, as announced by IN-SPACe Chairman Pawan Goenka at the India Economic Forum. This increase reflects the sector’s rapid evolution, with projections indicating funding could surpass $200 million by March 2026. The Indian space economy is expected to grow from $8 billion to $44 billion by 2033, driven by government initiatives like a venture capital fund for startups. As private firms increasingly engage in commercial space endeavors, the traditional ISRO-centric model is evolving, positioning India as a competitive player in the global space market and enhancing technological self-reliance through innovation and job creation.