Union Minister Jitendra Singh announced that India's space economy, currently valued at nearly $9 billion, is projected to grow to about $45 billion in the next seven to eight years. This expansion aligns with India's ambition to become a developed nation by 2047. Singh highlighted the significant growth in the space startup ecosystem, which has increased from a handful of startups to around 400, including one that has reached unicorn status. The broader startup ecosystem has also flourished, expanding to over 230,000 startups and generating approximately 2.4 million jobs, with a notable presence in Tier-II and Tier-III cities. The Minister emphasized the government's reforms, such as allowing self-attestation of documents and abolishing interviews in some government recruitment processes, to promote meritocracy and reduce nepotism. Additionally, the Modi government has opened strategic sectors like space and nuclear energy to private participation, fostering innovation and aligning with global practices. Looking ahead, Singh stressed the importance of public-private collaboration and the empowerment of women and youth in achieving India's developmental goals.