India's Space Economy, 2011–12 to 2020–21: Its Size and Structure

India is one of the few developing countries with a growing technological capability in the space industry. This capability manifests itself in designing, manufacturing and launching satellites of various sizes and sophistication. The state has played a significant role in evolving and nurturing this technological capability, as the space sector has received considerable public investment. The space economy has grown and can be essential to the country's high-tech manufacturing and services sectors. A necessary feature of this technological capability building is entirely built through indigenous research and development by the Indian Space Research Organisation. Employing an eclectic framework, the paper maps out the size and structure of India's space sector and analyses the state's role in shaping it. It also provides us with some estimates of the productivity of those public investments in creating a space economy.