CosmicTaco

India's Space Sector Yields $2.54 for Every Dollar Invested: Report

CosmicTaco · 2024-08-24T16:41:28.380843+05:30

- India's space program, led by **ISRO**, has generated an additional **$2.54** for every dollar invested, according to a report released on **August 23**. - The study, conducted by **Econ One** and **Euroconsult**, highlights the economic and social benefits of India's space activities. - Over the last decade, the space sector has contributed **$60 billion** to the GDP and supported **4.7 million jobs**. - The report also notes challenges like regulatory issues and financing, but expects improvements with greater collaboration and public-private partnerships. - Future recommendations include enhancing competitiveness, embracing global opportunities, and fostering an inclusive space program. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/economy/for-every-dollar-indias-space-sector-has-given-back-2-54-to-the-economy-report-12805458.html)

India's space program, led by ISRO, has generated an additional $2.54 for every dollar invested, according to a report released on August 23.
The study, conducted by Econ One and Euroconsult, highlights the economic and social benefits of India's space activities.
Over the last decade, the space sector has contributed $60 billion to the GDP and supported 4.7 million jobs.
The report also notes challenges like regulatory issues and financing, but expects improvements with greater collaboration and public-private partnerships.
Future recommendations include enhancing competitiveness, embracing global opportunities, and fostering an inclusive space program.