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India's Space Sector Yields $2.54 for Every Dollar Invested: Report

  • India's space program, led by ISRO, has generated an additional $2.54 for every dollar invested, according to a report released on August 23.
  • The study, conducted by Econ One and Euroconsult, highlights the economic and social benefits of India's space activities.
  • Over the last decade, the space sector has contributed $60 billion to the GDP and supported 4.7 million jobs.
  • The report also notes challenges like regulatory issues and financing, but expects improvements with greater collaboration and public-private partnerships.
  • Future recommendations include enhancing competitiveness, embracing global opportunities, and fostering an inclusive space program.

Source: Moneycontrol

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