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How Indian Economy Can Be Expanded Through Space Privatisation

Space exploration commenced with the launch of Sputnik 1, which became the first artificial satellite. This was followed by the launch of an astronaut into space in 1961 by the Union of Soviet Socialist Republics (USSR). The United States (US) followed in 1962. These major achievements were done by government entities. In the modern day, for the first time in 2020, humans accessed space in a vehicle not built by a government agency.

Space exploration has changed, and so have nations’ ambitions. The latest edition of Euroconsult’s satellite market forecast has calculated about 170 constellation projects, the majority of which are in the commercial sector. OneWeb, Guo Wang, Starlink, and Lightspeed will represent 58 per cent of the 17,000 satellites to be launched.


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