Global space economy to reach $1 trn in coming years: Ex-Isro chief

Former chairman of the Indian Space Research Organisation (ISRO) A S Kiran Kumar on Tuesday said the global space economy would reach USD 1 trillion-mark in the coming years which would provide a huge opportunity for the country's youth.

Kumar was speaking at the third convocation of Karnavati University at its campus in Uvarsad village of Gandhinagar district as the Guest of Honour. "Space economy, expected to grow to USD one trillion in coming years, is beckoning India to build on its current technological capability and become a significant player and benefit in the process," the former ISRO chief said. India is transforming itself from a space-capable country to a country with space technology capacity and this would bring huge opportunities for the country's youth, he said.

India is one of the few countries with end-to-end capability of building rockets, satellites and payloads despite the fact that "technology and its access were denied or restricted" to it in the early ...