India has achieved a historic milestone as Skyroot Aerospace's Vikram-1 successfully launched multiple payloads into low Earth orbit, becoming the country's first privately built rocket to reach space. The breakthrough places India among a select group of nations with private orbital launch capabilities, marking a major boost for the country's growing commercial space sector and its ambitions to become a global space powerhouse by 2030.


India's first private rocket vikram-1 reaches orbit | skyroot creates history in space race

India's first private rocket Vikram-1 reaches Orbit | Skyroot creates history in space race

India's space sector has entered a historic new era after the successful maiden launch of Skyroot Aerospace's Vikram-1, the country's first privately developed orbital rocket. The landmark mission marks a major milestone for India's rapidly expanding private space ecosystem and strengthens the country's ambitions to become a global space powerhouse. In an exclusive interview, IN-SPACe Chairman Dr. Pawan Goenka explains how the Vikram-1 mission will reshape India's commercial space industry, increase launch capabilities, boost private participation, and help achieve the ambitious target of growing India's space economy from $8-9 billion to $44 billion over the coming years.


Vikram-1 Success Marks New Era for India's Space Economy | IN-SPACe Chairman Exclusive

For the year 2024-25, the Indian government has proposed an allocation of around $1.63 billion (Rs 13,042 crore) for the Department of Space (DoS), as revealed in the interim budget.

Budget 2024: India’s Department of Space proposed to receive approx $1.63 billion

The liftoff of India's historic Chandrayaan-3 lunar lander was shifted four seconds in an effort to avoid close approaches to other space objects, Space News reported.

ISRO delayed launch of Chandrayaan-3 by few seconds for this reason

In the coming decades, the global space economy is expected to more than double in size and breach the $ 1 trillion mark. Although space technology has become more accessible and the cost of access to space has come down a great deal, it must be remembered that only a few nations possess end-to-end space technology.

G20 Space Economy Leaders Meeting commences in India's Aerospace hub Bengaluru