India launched 396 foreign and 70 domestic satellites during the period 2014-23 as compared to 33 and 31 satellites respectively during 2003-14, says Union Minister Dr. Jitendra Singh

The budget allocated to the Department of Space has almost doubled from Rs. 6,792 Crores for FY 2013-14 to Rs. 12,544 Crores for FY 2023-24: Dr. Jitendra Singh

By PIB Delhi

The number of foreign and domestic satellites launched by India during the period 2014-23 were 396 and 70 respectively, Union Minister Dr. Jitendra Singh said today, while the number of foreign and domestic satellites launched by India during the period 2003-13 were 33 and 31 respectively.

In a written reply in the Lok Sabha today, the Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, said the revenue generated from satellite launches during the decade 2014-23 is USD157 Million and 260 Million Euros. The corresponding figures during the decade 2003-13 were USD15 Million and 32 Million Euros, he said.

Dr. Jitendra Singh said the annual Budget allocated to the Department of Space has grown from Rs. 6,792 Crores for FY 2013-14 to Rs. 12,544 Crores for FY 2023-24.

As per various global estimates and news outlets, the sector is projected to grow at 6-8% in coming years, he said.