Reported 1 day ago
India's space industry funding plummeted 55% in 2024, reaching $59.1 million from $130.2 million the previous year, marking the first decline in five years, as reported by Tracxn. This drop coincides with a global investment decline of 20%. Despite past successes like the Chandrayaan-3 lunar mission, industry experts anticipate a rebound in 2025, particularly with government initiatives to support startups and expand market share by 2033.
Source: YAHOO