New Delhi
Union Minister Jitendra Singh on Friday said India's space economy is projected to grow five-fold to nearly USD 45 billion over the next eight to ten years, while the country's biotechnology sector has expanded dramatically from USD 10 billion in 2014 to USD 193 billion at present.
In an interview with ANI, Singh highlighted the rapid growth of India's space sector, describing it as one of the country's most dynamic emerging industries.
He said the sector, which was once relatively small, is now valued at around USD 9 billion and is expected to witness substantial expansion in the coming years. According to him, current growth trends indicate that the space economy could touch USD 45 billion within the next decade.
The minister also pointed to the remarkable progress of the biotechnology industry, crediting government policies and greater industry participation for its growth. He noted that the sector was worth just USD 10 billion when the government assumed office in 2014 but has since expanded to USD 193 billion.
Singh said the BioE3 policy was formulated to integrate biotechnology with employment generation, economic development and environmental sustainability, helping create new opportunities across multiple sectors.
Speaking about India's human spaceflight programme, the minister said the government is aiming to achieve a major milestone under the Gaganyaan mission next year.
He stated that a final test mission involving the humanoid robot Vyommitra is scheduled before the end of this year. Following the completion of the remaining test flights, India plans to conduct one last rehearsal mission ahead of sending an Indian astronaut into space as part of the Gaganyaan programme in 2027.
On the country's energy strategy, Singh said India's transition towards nuclear and renewable energy has been a long-term policy objective and is not solely driven by recent geopolitical developments in West Asia.
He said that by 2047, when India aims to achieve 100 gigawatts of nuclear energy capacity, around 10-11 per cent of the country's electricity requirements are expected to come from nuclear power, while renewable sources could contribute 70-75 per cent of the overall energy mix.
The minister added that India is also exploring alternative energy sources, including ocean energy, as part of its broader effort to achieve net-zero emissions by 2070.
Emphasising the importance of energy self-reliance, Singh said reducing dependence on imported fuel remains a key priority, requiring greater adoption of domestic and sustainable energy solutions.
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His remarks come as India seeks to strengthen strategic sectors such as space technology, biotechnology and clean energy to drive long-term economic growth, technological innovation and energy security.
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