With Indian Space Research Organization being the guiding body, India can now evolve as a space start-up hub for the world. Analyse (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· According to a report, the Government of India created a new organisation known as IN-SPACe (Indian National Space Promotion and Authorisation Centre) which is a “single window nodal agency” established to boost the commercialisation of Indian space activities.
· Today, the space economy is a $440 billion global sector, with India having less than 2% share in the sector.
· Another aspect to throw light on is the extensive brain drain in India, which has increased by 85% since 2005.
· The laws need to be broken down into multiple sections, each to address specific parts of the value chain and in accordance with the Outer Space Treaty.
· Another crucial aspect of space law is insurance and indemnification clarity, particularly about who or which entity undertakes the liability in case of a mishap.
· In several western countries with an evolved private space industry, there is a cap on liability and the financial damages that need to be paid.
· The sector is in the embryonic stage where the possibilities are limitless with a scope to build a feasible business model.
K.JEEVAN 3 years
Please review and give your valuable suggestions
IAS Parliament 3 years
K. V. A 3 years
Kindly review
IAS Parliament 3 years
Try to include about NSIL, IN- SPACe. Keep Writing.
Susmitha T 3 years
Please review
IAS Parliament 3 years
Try to cutshort the conclusion part. Keep Writing.
IAS Parliament 3 years
Try to include about In-SPAce. Keep Writing.
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