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.
Indian companies are pursuing defence offsets and commercial aviation products, but bypassing the global space economy. To build on this market requires New Delhi to overhaul its space policy, ISRO to amend its policy on contracts, and Indian industry to share the risk and investment
The Diplomat, an online magazine, republished Dinshaw Mistry's article on India's capabilities to emulate China in its space programs. He argues that technology-wise alone, India could do so, but it will take 15 to 20 years.
China has affirmed its status as one of the world’s leading space powers by sending three astronauts into space this week. Should India – which has one of the world’s six major space programs – take efforts to imitate its neighbour? Can it develop such capabilities? At what cost though, and for what benefit?
Rocket science hasn’t gone very far, but rocket economics just made the leap. India needs to get into that game fast or risk losing a unique opportunity