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- India's Space Industry is predominantly driven by the national Indian Space Research Organisation (ISRO). The industry includes over 500 private suppliers and other various bodies of the Department of Space in all commercial, research and arbitrary regards. There are relatively few independent private agencies, though they have been gaining an increased role since the start of the 21st century. In 2019, the space industry of India accounted for $7 billion or 2% of the global space industry and employed more than 45,000 people. Antrix Corporation expects the industry to grow up to $50 billion by 2024 if provided with appropriate policy support. In 2021, the Government of India launched the Indian Space Association (ISpA) to open the Indian space industry to private sectors and start-ups. Several private companies like Larsen & Toubro, Nelco (Tata Group), OneWeb, MapmyIndia, Walchandnagar Industries are founding members of this organisation. Lieutenant General Anil Kumar Bhatt was appointed as the Director General of ISpA. The Government of India forayed into space exploration when scientists started to launch sounding rockets from Thumba Equatorial Rocket Launching Station (TERLS), Kerala. The establishment of the space agency lead to the development of small launch vehicles SLV-3 and ASLV, followed by larger PSLV and GSLV rockets in the 90s, which allowed India to shift larger payloads and undertake commercial launches for the international market. Private firms started to emerge later as subcontractors for various rocket and satellite components. Reforms liberalising the space sector and nondisclosure agreements came in the late 2010s, leading to the emergence of various private spaceflight companies. By 2019, India had launched more than 300 satellites for various foreign states. There were more than 40 startups in India in early 2021 in various stages of developing their own launch vehicles, designing satellites and other allied activities. (en)
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