Chandrayaan-3 Success: Making a Case for Liberalising the Space Sector - News18
1 year, 3 months ago

Chandrayaan-3 Success: Making a Case for Liberalising the Space Sector - News18

News 18  

The day of 23 August was historic for India and the Indians. When the Chandrayaan-3, India’s third lunar exploration mission, was landing on the moon’s surface, the Indians were watching nervously across the width and breadth of India and around the globe. India’s moon mission has a budget of just 1 per cent of the one-year budget of NREGA, one of India’s many social welfare schemes. Despite India’s notable achievements, its share of the global space economy stands at a modest 2-3 per cent, whereas China and the US have more than 30 per cent share. In conclusion, while Chandrayaan-3’s accomplishment is a commendable stride for India, its financial constraints make a compelling case for liberalising the space sector.

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