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Funding in India’s space sector took a hit in 2024, dropping by 55% to $59.1 million. This decrease is a setback for the country’s ambitions to establish itself as a global superpower in the field of space exploration.
The decline in funding could have significant implications for India’s space program, affecting its ability to undertake ambitious projects and research initiatives. The country’s space agency, ISRO, may face challenges in pursuing its goals and maintaining its competitiveness on the global stage.
Despite the decrease in funding, India has made significant strides in space exploration in recent years. The country has successfully launched numerous satellites, conducted missions to the moon and Mars, and established itself as a key player in the international space community.
It remains to be seen how India’s space program will adapt to the reduced funding, and whether the country will be able to overcome this setback and continue to make progress in its pursuit of becoming a global space superpower.
