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India's maiden human space flight mission is targeted for launch in the fourth quarter of 2024, Union Minister of State in Prime Minister's Office Jitendra Singh told Lok Sabha on Wednesday. In a written reply, Singh said that the astronaut designates for the human spaceflight had been identified and were currently undergoing their mission-specific training in Bengaluru. Singh said in view of the paramount importance of crew safety, two test vehicle missions are planned before the Gaganyaan-1' mission to demonstrate the performance of the crew escape system and parachute-based deceleration system for different flight conditions. Singh said the uncrewed G1' mission is targeted to be launched in the last quarter of 2023 followed by the second uncrewed G2' mission in the second quarter of 2024, before the final human space flight H1' mission in the fourth quarter of 2024. He said the G1' mission was aimed at validating the performance of human-rated launch vehicle, orbital module ...
India's space economy is likely to be worth nearly USD 13 billion by 2025, with the satellite launch services segment set to witness the fastest growth spurred by increasing private participation, according to a report released on Monday. The growing demand for smaller satellites is set to boost satellite manufacturing in the country and will attract global start-ups in the sector to help incubate space tech companies here, said the report released by the Indian Space Association (ISpA) and Ernst and Young. India's space economy was pegged at USD 9.6 billion in 2020 and is expected to touch USD 12.8 billion by 2025, according to the report titled 'Developing the Space Ecosystem in India: Focusing on Inclusive Growth'. In dollar terms, the satellite services and applications segment would be the largest with a turnover of USD 4.6 billion by 2025, followed by ground segment at USD 4 billion, satellite manufacturing at USD 3.2 billion and launch services at USD 1 billion. "Indian spac