Firstpost | How private sector can propel a new wave of space revolution in India

The Government of India amended the FDI policy for the space sector on 5 March 2024. This has liberalised thresholds for various space-related activities. This change comes on the heels of a slew of space reforms by the government that began in 2020. The reforms created a fertile ground for the cropping up of many space start-ups in the country but did not address their funding needs. While the FDI reforms have the potential to address this deficiency, they are insufficient in a vacuum. India’s share of the global space economy is $8 billion, and the government aims for a five-fold increase by 2040. To achieve this, the government will have to place larger bets. Read the full article here.