India, Jan. 24 -- Indian Space Association, the industry association representing private space companies in the country, has proposed recommendations for the Union Budget 2024-25, with a focus on enhancing the financial well-being of the industry.

The past year has witnessed remarkable achievements by ISRO, generating national pride. Initiatives like technology transfer to the private sector, international cooperation agreements (Artemis Accords, iCET, INDUS-X), and increased private investments have shaped India's space industry. A 10-year vision by IN-SPACe targets a $44 billion space economy by 2033.The Indian Space Policy 2023 marked a transformative phase, welcoming Non-Government Entities (NGEs) into core space activities. IN-SPAC...