Budget 2025 for Space Sector
What's in store for the Space Sector from the upcoming full Budget on February 1. Set to be a 'Pocket Booster' budget with focus on giving consumption a leg-up along with pushing capex Read More.., it is set to benefit a host of sectors. Keep a track on all the expectations, final announcements and in depth analysis of the Budget decision only on Financial Express. We offer you a detailed list of expectation and announcements for Space Sector on its dedicated page Who Gets What. Navigate through all the declarations at a glance from the current and past Union Budgets on this page.
Budget 2025-26 Announcements for Space Sector
Space Sector
- The Department of Space was granted Rs 13,416.20 crore in the current fiscal year.
- According to the budget allocation document the allocation, the department received a capital allocation of Rs 6,103.63 crore and a revenue allocation of Rs 7,312.57 crore.
Who Got What
Profile
sectors
Budget Announcements for Space Sector in FY2025
Space Sector
- Expanding Space Economy 5 times in 10 years.
- Set-up Venture Capital fund of 1000 Crore.
- Exempt Custom duty on 25 critical minerals used in space infrastructure.
Budget Announcements for Space Sector in FY2024
Space Sector
- The Union Budget 2023 announced a reduction in the expenditure of the Department of Space
Budget Announcements for Space Sector in FY2023
Space Sector
- An increased budget was announced for the Ministry of Science & Technology
- Ministry of Space was allocated Rs 1000 crore more than the previous year’s budget
Budget Announcements for Space Sector in FY2022
Space Sector
- Union Budget 2021-22 announced the given as a part of the Gaganyaan mission activities: 4 Indian astronauts being trained on Generic Space Flight aspects, in Russia. First unmanned launch is slated for December 2021
- PSLV-CS51, launched by New Space India Limited (NSIL), will carry Brazil's Amazonia Satellite along with several Indian satellites.
Budget Announcements for Space Sector in FY2021
Space Sector
- An increase in allocation for the Indian Space Research Organisation (ISRO)
Budget Announcements for Space Sector in FY2020
Space Sector
- Declared the aim of the space programme – Gaganyaan, which is for India to become the launch-pad of satellites for the World and to place an Indian astronaut into space by 2022
Budget Videos
