Summary
The country hopes to have a space business worth about forty to forty‑five billion U.S. dollars in the next eight years.
More private companies are joining and helping the government.
Key Points
4 points1
Space business in India is now worth about nine billion U.S. dollars.
2
Experts say it could grow to forty‑to‑forty‑five billion U.S. dollars soon.
3
Private companies are investing and making new space tools.
4
The government wants faster approvals and easier rules.
New Words to Learn
10 wordseconomy
how a country makes and uses money
investment
people putting money into a project hoping it will grow
commercial
related to buying and selling things
regulatory
rules made by the government
sustainable
able to keep going for a long time
indigenous
made inside the country
geospatial
relating to maps and locations on Earth
satellite
a machine that goes around the Earth to send signals
launch vehicle
a rocket that sends things into space
global supply chain
the worldwide system of making and moving products
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