As the private or autonomous space industry becomes more developed, an interesting phenomena is occurring. The public sector which runs space programmes has lagged behind, but also profits from the recent success of private space companies are limited to direct stakeholders. After a decade of private investment, it is worth assessing why countries like the U.S., Russia, China and India have pursued independence from government entities in space over the last decade.
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The Quad countries are preparing for an autumn summit in Washington, which will provide an opportunity to discuss multilateral cooperation in various sectors. Four dimensions which merit closer attention and are crucial to the group's future are the Indo-Pacific strategies of European countries and the EU, partnerships with ASEAN and its members, closer India-U.S. ties and maritime security issues in the Pacific.
With the space sector being divided into astro-political blocs, India can't afford to stay non-aligned. A recent treaty between China and Russia makes it plain for India that leaving space exploration to a few science aficionados can be dangerous. India needs a national space exploration strategy with tangible economic and meta-strategic goals in sight.
India has had big successes during its first stint as an observer in the Arctic Council. Since then, the country has made substantial progress in its climate action pledges and developed comprehensive strategies to mitigate climate change. With its re-election, India can now offer much more to the global organisation's role in promoting environmental stability in the polar region.
As the density of satellites increases in Earth's orbit, extreme space weather events like solar storms and radiation whiplashes threaten satellite constellations. A ‘whole-of-government’ approach is needed to address the challenges of space weather on India’s converging space and digital economies.
With an increasing human and robotic footprint in the solar system, there is a need to develop robust regulatory mechanisms to prevent the “forward” and “backward” biochemical contamination of these unexplored celestial bodies.
The Indian Ocean Region (IOR) presents a unique opportunity to develop a Blue Economy, with security, sustainability and business profitability as its three pillars. An IOR Defence Ministers' Conclave held on 4 February provided a platform to discuss regional cooperation, linking development with defence, and emphasized India's pivotal position within the IOR.
The maturing private space sector in the U.S. has learned to raise money from the market in the form of sectoral equity-traded funds. Such financing mechanisms will keep the U.S. ahead in the global space economy, which is slated to grow manifold from $430 billion now to $4 trillion by 2040. India's fledgling private space ecosystem, financiers, and stock exchanges can learn from the U.S. and do the same for India's newly reformed private space sector.
A grand achievement is a series of smaller, well-defined, and precise accomplishments. If the vision of putting an Indian on the moon has to materialise, it should be preceded by several smaller projects and diverse institutions meeting definite targets. What would these targets be? Where does India’s scientific community stand in meeting them as of this day? What kind, and how much, additional capacity needs to be added to the Indian science sector to put an Indian on the moon?
Ambassador Rajiv Bhatia and Rajni Bakshi were part of a FICCI Task Force on Blue Economy. The task force released a report titled: Blue Economy Vision 2025: Harnessing Business Potential for India Inc and International Partners Executive Summary Blue Economy Read more