New Delhi, Oct 8 (IANS) India’s space economy is expected to expand nearly fivefold over the next decade to approximately $44 billion by 2033, Union Minister of State for Science and Technology Dr Jitendra Singh said on Wednesday.

The minister attributed this growth to policy reforms and increased private sector participation, according to an official statement.

Dr Singh emphasised that satellite communication will serve as the backbone of India’s digital infrastructure and play a decisive role in connecting remote regions where terrestrial networks face geographical barriers. With more than 70 per cent of new ATMs being installed in rural areas, he said satellite communications would be vital for ensuring financial inclusion and expanding digital services.

Programmes like SVAMITVA have

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