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Union Minister Jitendra Singh announced that India's space sector is poised to significantly boost economic growth, with the Indian Space Research Organisation (ISRO) having launched 399 foreign satellites since 2014, generating substantial revenue. He highlighted the government's initiative to open the sector to private players as transformative, projecting the space economy to grow from its current valuation of 8.4 billion USD to 40-45 billion USD in the next decade, positioning India as a hub for space manufacturing and entrepreneurship.