The number of foreign and domestic satellites launched by India during period 2014-23 were 396 and 70 respectively, Union Minister Dr Jitendra Singh said.
On the other hand, the number of foreign and domestic satellites launched by India during period 2003-13 were 33 and 31 respectively.
In a written reply in the Lok Sabha on 20th December 2023, the Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, said the revenue generated from satellite launches during decade 2014-23 is USD157 Million and 260 Million Euros.
The corresponding figure during decade 2003-13 were USD15 Million and 32 Million Euros.
Further, Dr Jitendra Singh said, annual Budget allocated to Department of Space has grown from Rs. 6,792 Crores for FY 2013-14 to Rs. 12,544 Crores for FY 2023-24.
Also, to be noted that as per various global estimates and news outlets, the space sector is projected to grow at 6-8% in coming years.
Source: https://pib.gov.in/
