How has the Space sector impacted India's GDP over the last decade
Recent data suggests a significant contribution to India's GDP by the Space sector.
- The Indian Space sector has shown strong growth over the last decade, contributing significantly to the country's GDP.
- Recent data suggests that the Space sector has contributed around 7-8% to India's GDP, showcasing its importance as a key economic driver.
- This growth can be attributed to successful satellite launches, space exploration missions, and satellite communication services offered by ISRO (Indian Space Research Organisation).
- The Space sector has also fueled advancements in technology, research, and innovation, leading to job creation and economic development.
- The increasing reliance on space-based applications for communication, weather forecasting, and navigation has further boosted the sector's contribution to India's GDP.
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8 months ago