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India’s Space Sector: A World of Opportunity

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Introduction:

India’s space economy is on a trajectory to expand significantly, with the potential to reach an impressive $44 billion by 2033. This growth could position India to capture approximately eight percent of the global space economy. Notably, India’s current share in the global space economy stands at a modest 2 percent. This promising projection highlights the country’s increasing influence and contributions to the space industry, signifying substantial growth and opportunities on the horizon.

Latest Developments:

ISRO, the Indian Space Research Organization, has ambitious plans for the future. They aim to build India’s space station within the next 20-25 years after the Gaganyaan mission.

ISRO is opening its doors wider than ever to private sector participation, so that together, India can successfully boost the space economy for a resurgent ‘Aatmnirbhar Bharat’.

McKinsey estimates the space industry to be globally a trillion-dollar industry by 2030. The use cases for space sector have expanded beyond government and defence sectors as currently ~90% of the satellites are launched for commercial usage. India with the help of home-grown technologies and cost advantages has emerged as a strong contender to capture a significant slice of this growth vector. A curated set of our aerospace and defence sector companies provide investors a direct exposure to this attractive investment opportunity.

Companies that played a crucial role in the Chandrayaan-3 mission:

  1. Larsen & Toubro (L&T): L&T’s aerospace division was involved in the mission, contributing to its success.
  2. Hindustan Aeronautics Ltd (HAL): HAL played a significant role in the mission, providing valuable expertise and resources.
  3. Bharat Heavy Electricals Limited (BHEL): BHEL’s contribution was instrumental in the mission’s achievement.
  4. Mishra Dhatu Nigam Ltd: This company made substantial contributions to the Chandrayaan-3 mission.

Explore Omni Bharat Defence smallcase to invest in such emerging themes

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Disclaimer:Please note that any mention of company names is not a recommendation to buy, sell or hold. Equity investments are subject to market risks. Past performance is no guarantee of future performance. One should invest based on the advice of their financial advisor based on their investment objectives, financial situation and risk profile. OmniScience Capital, its management and employees and its clients might be buying, selling or holding the mentioned companies. Please read the detailed disclaimers and disclosure at http://omnisciencecapital.com/disclaimer.

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India’s Space Sector: A World of Opportunity
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