Unlocking India's Space Economy: Frugal Innovation and Private Sector Integration

Author(s)	Mr. Hemant Jain, Dr. Dhrvui Bharwad
Country	India
Abstract	With the global space sector's increasing democratization, new business opportunities are flourishing,driven by innovative startups. Historically, India's space R&D and commercial activities have been ISRO-centric, a testament to its consistent global achievements. However, recent regulatory reforms mark a new era for Indian space science and technology. These transformative policy and legislative changes aim to unlock the sector's full potential, ensuring an equitable environment for emerging small and medium enterprises and startups. This paper discusses the frugal implementation of these Space and Geospatial Policies, which emphasize incremental private industry participation throughout the space ecosystem's value chain. The ultimate goal is to significantly enhance India's economic contribution to the global space industry.
Keywords	Space Reforms, ISRO, space policy
Published In	Volume 16, Issue 3, July-September 2025
Published On	2025-09-16
DOI	https://doi.org/10.71097/IJSAT.v16.i3.7911
Short DOI	https://doi.org/g93xd6

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