India eyes 10% of $1.8T global space economy by 2035
03 Feb 2026

India's space sector may capture 8-10% of the global space economy, estimated at $1.8 trillion, by 2035.

The prediction was made by Dr. Pawan Goenka, Chairman of IN-SPACe, during an investor forum in Singapore today.

The global space economy is currently valued between $440 billion and $630 billion, according to experts at the forum.

Major investors like Singapore's Government Investment Corporation (GIC) and Temasek are already among India's largest investors. They now want to invest in Indian space sector.

Government support and unicorn vision
Government backing

The Indian government is supporting the space sector with a ₹1,000 crore capital venture fund.

This fund is expected to grow further, creating more opportunities in the space sector.

Dr. Goenka also reiterated Prime Minister Narendra Modi's vision of creating one unicorn every year backed by $1 billion investment.

He said, "Five unicorns are to be developed in five years as per the Prime Minister's call."

IN-SPACe's progress and start-up success stories
Start-up growth

IN-SPACe has registered over 390 start-ups and authorized more than 800 companies to carry out activities related to the space ecosystem.

One of the most successful start-ups in this regard is Digantara, which has raised $50 million in funding.

The Indian pavilion at the summit showcased work-in-progress by various companies like Hical, Skyroot, XDLinX Space Labs, General Datum and Azista Space.