New Delhi, Oct. 8 -- V Narayanan, Chairman of the Indian Space Research Organisation (ISRO), on Wednesday said that India is poised to stand with the developed spacefaring nations by 2040, with plans underway to achieve parity in launcher capabilities.

Addressing the India Mobile Congress (IMC) 2025 in national capital, ISRO Chief said, "By 2040, India will be in par with any other developed spacefaring nation in terms of launcher capability in terms of satellite capability, in terms of scientific missions, in terms of ground equipment."

He credited the leadership of Prime Minister Narendra Modi for providing vision and direction.

Addressing the audience Narayanan traced India's technological transformation since Independence.

"In 194...