NEW DELHI: Union minister Jitendra Singh has said that Indian space sector has attracted over Rs 1,000 crore investment within months of opening up and the country’s space economy is poised to grow five-fold to $44 billion in the coming decade.
“India’s space sector has seen a quantum leap under Prime Minister Narendra Modi’s leadership, unlocking opportunities for private players… Missions like Gaganyaan and applications in border security showcase India’s self-reliance, proving that the world now looks to us as a leader in space technology,” the minister said at the inaugural ETNOW.in Business Conclave & Awards 2025 hosted by Times Network Digital.
At the event, former Union minister and tech investor Rajeev Chandrasekhar suggested that the Indian IT Act, which was now 25 years old, needed to be replaced by a more modern and contemporary law.
“The IT Act doesn’t even mention the Internet, let alone AI – two of the biggest forces shaping the digital economy today. This debate has been ongoing within the govt, and hope is that the current administration moves forward with either an omnibus law or a set of laws addressing critical issues like safety, harm, and misinformation. The key question is whether one comprehensive law or multiple specialised ones would be more effective.”
Arunachal Pradesh governor Lt Gen K T Parnaik (Retd) outlined how strong border security, innovation, and infrastructure development play a key role in India’s journey towards Viksit Bharat.