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Union Minister Jitendra Singh stated that the space sector will significantly contribute to India's economic growth. He highlighted that since 2014, the Indian Space Research Organisation (ISRO) has launched 399 out of 434 foreign satellites, generating revenues of 323 million Euros and 233 million USD.

Singh emphasized the government's decision to open the sector to private players as transformative, with India's space economy currently valued at 8.4 billion USD and projected to reach 40-45 billion USD in the next decade. He noted that India is emerging as a hub for space manufacturing and entrepreneurship.