Geospatial economy has potential to grow by near 13% by 2025

The central government is currently in the process of finalising the draft National Geospatial Policy (NGP) and a draft of the Indian Satellite Navigation Policy (SATNAV Policy).

It has already implemented guidelines for Geospatial Data (Guidelines for acquiring and producing geospatial data and geospatial data services including maps) in 2021.

India’s geospatial economy is currently valued at Rs 38,972 crore, but has the potential to grow by 12.8% to Rs 63,100 crore by 2025 end, according to India Geospatial “Artha” report, released on Tuesday.

The report which was launched at the GeoSmart India 2021, in presence of Amit Khare, advisor to the Prime Minister and Kiran Kumar, Vikram Sarabhai, professor, ISRO, states that if the government of India implements the three geospatial policies by 2022, which are currently in the draft stage, the Indian Geospatial economy has the potential to double in a year.

The central government is currently in the process of finalising the draft National Geospatial Policy (NGP) and a draft of the Indian Satellite Navigation Policy (SATNAV Policy). It has already implemented guidelines for Geospatial Data (Guidelines for acquiring and producing geospatial data and geospatial data services including maps) in 2021.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.