India’s Space Budget Sees Remarkable Growth Over The Last Decade: Minister

India’s space budget has experienced significant growth over the past decade, nearly tripling from ₹5,615 crore in 2013-14 to ₹13,416 crore in 2025-26.

Union Minister Dr. Jitendra Singh attributed this surge to the government’s commitment to advancing space technology and its increasing role in reshaping governance, national security, and economic development.

At the ‘Space-Tech for Good Governance’ Conclave, Dr. Singh highlighted how space technology is no longer limited to rocket launches but is a crucial tool in enhancing transparency, citizen participation, and reducing corruption in governance.

He emphasized the role of satellites in improving the efficiency of government services and the reduction of red-tapism, promoting discipline in project timelines, and ensuring accountability.

Rising Startups & International Recognition

The minister also celebrated the rise of space startups in India, which have grown from a single entity to more than 300 in the past decade.

These startups are not only contributing to the global space economy but also positioning India as a major player in the international space market.

Additionally, India has launched 433 foreign satellites, with 396 of them launched since 2014, generating significant revenue in the process, amounting to $192 million and 272 million euros.

Space Technology Enhancing National Security

Dr. Singh stressed the pivotal role of space technology in national security, particularly in border surveillance and geopolitical intelligence.

India’s satellite systems are crucial for monitoring borders and enhancing defence capabilities, ensuring the country’s security.

India’s agricultural sector, a cornerstone of its economy, has greatly benefited from space technology.

The minister highlighted the invaluable role of satellites in improving decision-making, weather forecasting, disaster preparedness, and early warning systems, making space technology an essential tool for agricultural productivity and rural development.

The minister also pointed out the growing reliance of India’s neighbouring countries on its satellite systems, reinforcing India’s position as a regional space leader.

Dr. Singh proudly noted that India now sets the standard for others to follow, citing the historic success of the Chandrayaan-3 mission, which made India the first country to reach the southern pole of the Moon.

Dr. Singh’s remarks underscored the increasing significance of India’s space sector not only in fostering economic growth through startups but also in transforming governance and improving the quality of life for its citizens.

As the country strengthens its space capabilities, the future looks bright for India as a leader in space technology and innovation.

Also Read: Women Loco Pilots Make Significant Strides, Increasing Five-Fold In 10 Years