A successful Chandrayaan-3 landing on the Moon’s south pole on August 23 will improve India’s space industry and status.
India aspires to five-fold its launch market share in ten years and attract international investment to its space economy under Narendra Modi.
India’s $8 billion space economy has risen 4% annually, compared to 2% internationally.
The Chandrayaan-3 mission may help India reach its goal sooner, since experts expect other nations to launch satellites from India. India’s space sector might reach $40 billion by 2040.
If Chandrayaan-3 succeeds, analysts expect India’s space sector to profit from its cost-effective engineering. Indian Space Research Organisation (Isro) granted only $74 million for the project.
The NASA inspector general estimates that the Artemis lunar mission will cost roughly $93 billion until 2025.
“The moment this mission is successful, it raises the profile of everyone associated with it,” said New Delhi consultant Ajey Lele of the Manohar Parrikar Institute for Defence Studies and Analyses.
India aspires to emulate NASA by allowing commercial space investment. SpaceX is building the Starship rocket for its satellite launch business and a $3 billion NASA contract to take men to the Moon. Musk said SpaceX will spend $2 billion in Starship this year in addition to that acquisition.
US space firms Astrobotic and Intuitive Machines will send lunar landers to the Moon’s south pole by 2024. Axiom Space and Jeff Bezos’ Blue Origin are developing privately funded International Space Station alternatives.
India will make a soft landing on the moon after the US, Russia, and China. India will also reach the lunar south pole first.
Russia competed with India, China, and the US to arrive on the Moon’s south pole first. Scientists are interested in this place because water ice may be vital for human exploration.
The US, Israel, China, Japan, and maybe the US and India will collaborate on at least 10 additional lunar missions by 2025.
These missions are part of global efforts to return to and stay on the moon.
Conclusion:-
As other nations launch satellites, a successful Chandrayaan-3 mission might help India reach its objective faster. US space agency will spend approximately $93 billion on Artemis lunar mission through 2025. Following NASA’s Starship rocket building, India wants to open the space business to private participation. Astrobotic and Intuitive Machines will deploy lunar landers to the south pole by 2024. Axiom Space and Jeff Bezos’ Blue Origin are developing privately funded International Space Station alternatives. India is the fourth nation to softly land on the moon and first to reach the south pole. By 2025, the US, Israel, China, Japan, and maybe India will join on 10 more lunar missions.
