{
  "id": 2954855,
  "title": "India’s Space Economy Set To Soar Nearly Fivefold To $44 Billion By 2033, As Private Sector & Startups Drive Growth | Video",
  "url": "https://urgent.news/2026/08/24/indias-space-economy-set-to-soar-nearly-fivefold-to-44-billion-by",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-24T05:33:00.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/tech/indias-space-economy-set-to-soar-nearly-fivefold-to-44-billion-by-2033-as-private-sector-startups-drive-growth-video"
  },
  "original_language": "en",
  "account": "India's space economy is expected to nearly quintuple from its current $8.4 billion to $44 billion by 2033, according to Union Culture and Tourism Minister Gajendra Singh Shekhawat. The country currently boasts 440 startups, $9 billion in private investment, 399 foreign satellites launched, and 300+ global partnerships. Shekhawat emphasized that India's space sector growth should be measured not just by financial value, but also by the development of advanced technologies, creation of high-skilled jobs, and resolution of domestic issues. The sector has seen a significant transformation since 2020 when reforms were introduced, opening doors for private companies, startups and industries. While ISRO remains crucial, the reforms have broadened the nation's capabilities, and the economy is poised to grow. Shekhawat highlighted the importance of manufacturing advanced technologies, generating high-skill jobs, commercializing intellectual property, and addressing challenges such as space debris, cybersecurity, and responsible AI use. The National Space Day celebrations, organized by ISRO's Space Applications Centre, stressed innovation, collaboration, and global leadership, with young people at the forefront of India's space ambitions. ISRO Chairman V. Narayanan revealed plans to establish the Bharatiya Antariksha Station by 2035, with the first module already approved.",
  "summary": "Ahmedabad: India's space economy is projected to grow from about $8.4 billion to nearly $44 billion by 2033, Union Culture and Tourism Minister Gajendra Singh Shekhawat said in Ahmedabad on Sunday, as India marked the third 'National Space Day'. India’s Space Game Is Cooking! A $9 billion space economy, ~440 startups, nearly 6X growth in private investment, 399 foreign satellites launched, 300+…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Press Journal",
        "title": "India’s Space Revolution Takes Flight With 440 Startups As Landmark Reforms Propel Private Sector Into Global Space Race | Video",
        "url": "https://urgent.news/2026/08/24/indias-space-revolution-takes-flight-with-440-startups-as-landmark",
        "published": "2026-08-24T05:40:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}