India, Jan. 30 -- Union Minister Jitendra Singh has said India's space economy has grown to an estimated $8.4 billion, with 399 start-ups now operating across segments such as launch vehicles, satellites, propulsion systems and space-grade electronics.

Speaking in the Rajya Sabha, Singh attributed the expansion to key policy decisions taken after 2019 to open the space sector to private participation.

He highlighted the establishment of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) as a major institutional reform. IN-SPACe serves as a single-window interface between private industry and government agencies, including the Indian Space Research Organisation (ISRO), facilitating greater collaboration and regulator...