The Space Economy at a Glance 2014

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The space sector plays an increasingly pivotal role in the functioning of modern societies and their economic development as the use of satellite technology gives rise to new applications, uses and markets. Space Economy at a Glance offers a statistical overview of the global space sector and its contributions to economic activity using data from over 40 countries with space programmes, and identifies new dynamics in the space sector.




India has an ambitious and wide-ranging space programme, aiming to develop independent capabilities and indigenous high technologies. The Indian Space Programme has been active for more than half-a-century, since its first experiments with sounding rockets in the early 1960s. The Department of Space, which is responsible for managing the Indian Space Research Organisation (ISRO), is directly under the authority of the Indian Prime Minister. The budget and policies of the Department of Space and ISROs are determined in 5-year planning cycles by the Indian Planning Commission; the latest plan was launched in 2012 and ends in 2017. This Twelfth Five Year Planassigned INR 397.5 billion (Indian Rupees) to the Department of Space (around USD 7.4 billion). In 2013, ISRO’s budget estimate amounted to INR 68 billion (USD 1.2 billion). The main objectives until 2025 include the strengthening/expanding of operational services in communications and navigation; developing enhanced imaging capabilities for natural resource management, weather and climate change studies; space science missions for better understanding of the solar system and the universe; planetary exploratory missions; development of heavy lift launcher and reusable launch vehicles; and a human space flight programme (Indian Planning Commission, 2013). Even after adjustment for inflation, the Indian space budget saw significant increases in 2010 and 2011, followed by decreases more pronounced in constant USD due to exchange rates impacts.



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