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INDIA’S SPACE-TECH SURGE: A MOONSHOT MOMENT Why in the News? Sector expansion: India’s space economy, valued at $8 billion, is projected to reach $40 billion by 2040, driven by rapid startup-led innovation. Startup boom: Over 420 space-tech startups now operate in India, nearly doubling in four years, supported by more than $350 million private capital. …
Read MoreWhy in News ? ISRO’s POEM-4, launched on December 30, 2024, carried 24 experimental payloads and showcased key technologies for space servicing and debris management. It recently re-entered Earth’s atmosphere, highlighting India’s growing capabilities in sustainable, low-cost space experimentation and orbital innovation. Introduction to POEM-4 and Mission Highlights : POEM-4 (PSLV Orbital Experiment Module-4) is …
Read MoreSyllabus: GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights. Focus: Recently, the Union Cabinet approved amendments in the Foreign Direct Investment (FDI) policy pertaining to the space industry. Source: …
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