India's Space Economy Seen 5x to $45 Billion by 2030, Led by Skyroot, Pixxel
· Business · Economic Times, NDTV
India's private space sector is moving from prototypes to commercial operations, with the government targeting a fivefold expansion of the space economy to $40–45 billion by 2030 from about $8.4 billion in 2023, according to a Jefferies report citing government estimates. The startup ecosystem has grown from one company in 2014 to over 400 in 2026, with Skyroot Aerospace, Pixxel, Agnikul Cosmos and Digantara emerging as key private players. Skyroot, which has raised about $160 million, became the first private Indian company to place payloads into orbit with the successful launch of Vikram-1 in July 2026. Pixxel, with roughly $95 million in funding, operates a constellation of high-resolution hyperspectral Earth-observation satellites and has secured a NASA commercial data contract. Agnikul Cosmos, funded at about $76 million, became the first company globally to develop a rocket powered by a single-piece, 3D-printed semi-cryogenic engine. India is targeting a $100 billion space econom
Why it matters
The expansion anchors a new deep-tech industry for India — creating high-skill jobs, reducing ISRO's monopoly on launches, and positioning Indian private players in the global launch, satellite-imagery and surveillance markets worth tens of billions over the next decade.
Read the original report — Economic Times
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