The Indian Space Research Organisation (ISRO), through its commercial arms, has earned 279 million dollars in foreign exchange by launching satellites for global clients.
With the global economic growth slowing, Morgan Stanley in its research report has revised India's GDP growth estimates to 7.2 percent in FY23 from 7.6 percent and 6.4 percent for FY24 from 6.7 percent.
India's GDP growth is projected to spike to a four-quarter high of 13 per cent in Q1 (April-June) FY23 due to a low base of Covid 2.0 and robust recovery in contact-intensive services, according to ICRA.
India's first commercial space situational awareness observatory is to be established in the Garhwal region of Uttarakhand by Digantara, a space sector start-up.
EXAMIANS