New Delhi, Feb. 25 -- India's space industry is on the path to rapid expansion, with the sector expected to grow from its current value of around USD 13 billion to USD 77 billion by 2030, according to a report by DAM Capital.

The report highlighted that satellite services will play a major role in this growth, contributing over USD 36 billion by the end of the decade.

It said, "India's space sector, is expected to grow at a CAGR of 26 per cent, reaching USD 77 billion by 2030. The largest share will be in Satellite Services, estimated to contribute over USD 36 billion by 2030".

The Indian space sector consists of three main segments, satellite manufacturing, Launch Services, and Satellite Services

Currently, India accounts for 2.1 per...