The Great Gig in the Sky
Business Today India|September 15, 2024
India is set to play a significant role in space exploration, because of a growing private sector and national projects. The country's space economy is projected to reach ₹35,200 crore by 2033. What will the flight path look like by 2047?
NEETU CHANDRA SHARMA
The Great Gig in the Sky

"BECAUSE IT'S THERE!" English climber George Mallory reportedly said in 1924 when asked why he was trying to climb Mt Everest for the third time. By then, the farthest corners of the Earth had been explored, and only Everest was left. Mallory and fellow climber Andrew Irvine lost their lives in that bid.

A century later, that retort could sum up why the private sector has become a critical part of India’s space exploration plans, which grabbed eyeballs in 2014 with Mangalyaan. The Mars orbiter mission, its first interplanetary mission, cost less than Hollywood movies on science fiction, and the three Moon missions (2008, 2019 and 2023) have shown that the Indian Space Research Organisation (Isro) has come of age.

In 2020, the government allowed the private sector to reach for the stars, creating the Indian National Space Promotion and Authorisation Centre (IN-SPACe). Private companies swarmed into the sector.

Coming up: missions targeting other planets and celestial bodies, a Mars mission and lunar exploration. By 2030, India’s share of the global space economy will be four times what it was in 2021, going up to 8% by 2030 from 2% in 2021. By 2047, India’s share will be 15%.

Sam Hutchison, Co-founder of Space Exploration and Research Agency (SERA), is pitching for democratised space travel. He says a few nations have dominated space exploration. Over 80% of all astronauts have come from three countries—the US, Russia, and China.

Hutchison says things are changing. SERA is leveraging innovative space technologies such as Blue Origin’s New Shepard rocket to build a community-driven platform that allows anyone, anywhere, to participate in space exploration and research. “As India’s national manned space programme advances, we are excited to include India in our upcoming mission,” Hutchison says. SERA will help India launch a citizen astronaut.

This story is from the September 15, 2024 edition of Business Today India.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the September 15, 2024 edition of Business Today India.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS TODAY INDIAView All
"Focus on the challenge of each customer"
Business Today India

"Focus on the challenge of each customer"

SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company

time-read
1 min  |
December 08, 2024
PEDAL ON THE FUTURE
Business Today India

PEDAL ON THE FUTURE

THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY

time-read
1 min  |
December 08, 2024
BREATHE EASY
Business Today India

BREATHE EASY

Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference

time-read
2 mins  |
December 08, 2024
The Taste of India in a Glass
Business Today India

The Taste of India in a Glass

FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN

time-read
4 mins  |
December 08, 2024
LOOK BEFORE YOU LEAP
Business Today India

LOOK BEFORE YOU LEAP

IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES

time-read
5 mins  |
December 08, 2024
MISSING ADVISORS
Business Today India

MISSING ADVISORS

INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE

time-read
7 mins  |
December 08, 2024
TURNING A CORNER
Business Today India

TURNING A CORNER

SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE

time-read
5 mins  |
December 08, 2024
REALITY CHECK
Business Today India

REALITY CHECK

INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?

time-read
6 mins  |
December 08, 2024
TRUMP'S TRADE TANGO
Business Today India

TRUMP'S TRADE TANGO

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?

time-read
9 mins  |
December 08, 2024
"The essence of the Trump administration will be transactional”
Business Today India

"The essence of the Trump administration will be transactional”

Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more

time-read
10 mins  |
December 08, 2024