India’s space economy, currently valued at $8 billion, is poised to reach $45 billion by 2034, propelled by robust private sector involvement, as announced by Minister of State for Science and Technology Jitendra Singh on December 8, 2025, at the India Mobile Congress. Reforms over the past five years, including the establishment of New Space India Limited and IN-SPACe, have spurred around 400 space startups in satellite manufacturing, launch vehicles, and data analytics, positioning India as the world’s fifth-largest space startup ecosystem. With 70% of applications focused on enhancing citizen welfare, India advances toward the Bharatiya Antariksh Station by 2035 and a lunar landing by 2040, fostering global collaborations like Chandrayaan-5 with Japan and NISAR with the US to bolster national development and regional leadership.