Sriharikota, July 18 -- India's space sector has undergone a historic transformation driven by the Government of India's forward-looking reforms. With the launch of Vikram-1--India's first privately developed orbital rocket by Skyroot Aerospace--the nation's growing private space ecosystem has demonstrated the significant impact of these policy changes.

The Indian Space Policy 2023 has opened the entire space value chain to private participation, fostering innovation, investment and enterprise across the space ecosystem. Indian industry is now participating in satellite manufacturing, launch services, space applications and downstream services.

The impact of these reforms is already visible in the numbers. India's space startup ecosyste...