India's space sector created 22,000 job in last decade, positively contributed to economy: study
The study, titled 'Space economy of India, its impact on the rest of the economy', published in the journal Space Policy enlisted the creation of around 22,000 new jobs in this sector in the past decade.
In 2020–21, the space sector contributed a modest 0.19 per cent of India's Gross Domestic Product (GDP), but this share has been rising, as per the study. Monetarily, the New Space India Limited (NSIL), the commercial arm of the Indian Space Research Organisation (ISRO), generated a revenue worth Rs 2,940 crore in 2022-2023, the study noted.
The year-on-year increment in the revenue is estimated to remain around 24 per cent, said the study authored by experts from the Indian Institute of Space Science and Technology, Thiruvananthapuram; Centre for Development Studies, Thiruvananthapuram; Ahmedabad University and National Institute of Advanced Studies, Bengaluru.
Policy-level changes with the introduction of Space Activities Policy 2023 and the establishment of the Indian National Space Promotion and Authorisation Centre (In-SPACe), too, created a positive shift in the way the space economy has shaped in recent years, according to the study.
According to the study, with more countries turning into private players for venturing into space, employment generation holds potential even in India.
'Private space startups are attracting substantial investments, generating revenue through satellite manufacturing, launch services and space-based applications. Sectors like telecommunications, agriculture and navigation have benefited from satellite services, enhancing their operational efficiency and productivity,' said the study.
In India, the number of homebred space startups went from one to 229 from 2014 mid-2024, and they are believed to employ about 2,500 people at present.
ISRO has remained the primary driver of space-related activities in India and the space agency directly employs over 17,000 people. The overall employment covering the broader space industry is estimated to be 45,000–50,000.
India's space economy covers manufacturing, operations and applications. The space manufacturing segment includes the production of launch vehicles, satellites, spacecraft subsystems, scientific instruments and ground equipment.
Space operations encompass launch services, satellite operation and brokerage, ground station management, in-orbit servicing, space surveillance, debris removal, space tourism, in-space manufacturing and the operation of spaceports. Space applications cover services like direct-to-home broadcasting, satellite communications, location-based services, satellite data processing and downstream applications using satellite signals.
According to the study, some of the key emerging areas in this sector include deep exploration missions, greater involvement of private players and international collaborations.
Even with modest spending with respect to the country's GDP, the space sector holds immense potential and far-reaching and multi-sectoral reach, the study said. Improvements brought through satellite-based services and geographical information services-based tools are immensely benefitting sectors like agriculture, disaster management, national security, weather forecasting, urban planning, energy planning, navigation, infrastructure development, land management and more, it said.
The researchers said the technological innovations and spillovers to sectors also added to the overall contribution to the economy.
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