India Generated $143 Million by Launching Foreign Satellites Since 2015

India has emerged as a global space leader, generating USD 143 million in foreign exchange revenue by launching 393 foreign satellites from 34 countries between 2015 and 2024. The Indian Space Research Organisation (ISRO) successfully launched these satellites on board PSLV, LVM3, and SSLV launch vehicles. This achievement has strengthened India’s position in the global space economy and paved the way for future ambitious missions like Gaganyaan and the Bharatiya Antariksha Station by 2035.

Key Highlights of India’s Achievement

Foreign Satellite Launch Statistics (2015-2024)

• 393 foreign satellites launched from 34 countries
• 232 satellites from the US, 83 from the UK, 19 from Singapore, and others from countries like Canada, Korea, Luxembourg, Italy, Germany, France, Japan, Israel, UAE, etc.
• 3 Indian customer satellites were also launched on a commercial basis.
• Generated USD 143 million in foreign exchange revenue through satellite launches.

India’s Growing Space Collaboration

• Signed space cooperation agreements with 61 countries and 5 multilateral organizations.

Major collaboration areas include,

• Satellite remote sensing
• Satellite navigation
• Satellite communication
• Space science and planetary exploration
• Capacity building

India’s Recent Space Achievements

• Chandrayaan-3 (2023): Successful soft landing on the Moon’s South Pole.
• Aditya L1 (2023): India’s first solar mission.
• Gaganyaan Mission (2025): India’s first manned mission with astronauts trained in Russia.
• Plan to establish Bharatiya Antariksha Station (Indian Space Station) by 2035.
• India aims to send the first Indian astronaut to the Moon by 2040.

Role of Private Space Sector

• The Indian private space sector has grown rapidly after opening up to private companies in 2020.
• Indian startups are now playing a crucial role in space innovation and technology development.

Summary/Static	Details
Why in the news?	India Generated $143 Million by Launching Foreign Satellites Since 2015
Revenue Generated	USD 143 million
Total Satellites Launched	393 foreign satellites from 34 countries + 3 Indian customer satellites
Leading Countries	US (232), UK (83), Singapore (19), Canada (8), Korea (5), Germany (3), Japan (2), UAE (1), etc.
Launch Vehicles Used	PSLV, LVM3, and SSLV
Space Agreements	61 countries and 5 multilateral bodies
Key Missions	Chandrayaan-3, Aditya L1, Gaganyaan, Bharatiya Antariksha Station (by 2035), Indian Moon Mission (by 2040)`
Private Sector Growth	Opened to private companies in 2020; major growth in space startups