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Moonshot boom: behind spurred investment in India’s thriving space sector

Economic TimesEconomic Times · 3m
Moonshot boom: behind spurred investment in India’s thriving space sector

Chandrayaan-3's successful landing near the Moon's south pole has attracted significant investments to India's space sector, solidifying its position as a leading spacefaring nation. The government's policy reforms and the establishment of IN-SPACe had already encouraged private sector participation, but Chandrayaan-3 amplified investor interest. However, experts believe that even without this mission, India would have attracted investments due to its potential to capture a significant portion of the global space economy. Challenges in the commercialization of space technologies include a niche and competitive marketplace, pricing constraints, limited demand, and a lack of visibility of long-term demand.

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