India, April 28 -- India's space economy is moving into a decisive phase-defined by scale, speed, and growing global ambition. Over the years, the Indian Space Research Organisation (ISRO) has launched more than 430 foreign satellites, steadily building a reputation for cost-efficient and reliable missions. What began as a largely scientific pursuit is now evolving into a commercially competitive space programme, at a time when the global space economy is projected to cross the $1 trillion mark by 2040.

This shift is unfolding against a rapidly changing global backdrop. The rise of reusable launch technologies, led by SpaceX, has dramatically lowered costs and turnaround times, forcing spacefaring nations to rethink their strategies. Ind...