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India's Space Sector Adds $60 Billion to GDP

This screen grab made from video footage from ISRO via AFPTV taken on July 14, 2023 shows an Indian Space Research Organization (ISRO) rocket carrying the Chandrayaan-3 spacecraft lifting off from the Satish Dhawan Space Center in Sriharikota, an island off the coast of southern Andhra Pradesh state. AFP
This screen grab made from video footage from ISRO via AFPTV taken on July 14, 2023 shows an Indian Space Research Organization (ISRO) rocket carrying the Chandrayaan-3 spacecraft lifting off from the Satish Dhawan Space Center in Sriharikota, an island off the coast of southern Andhra Pradesh state. AFP
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India's Space Sector Adds $60 Billion to GDP

This screen grab made from video footage from ISRO via AFPTV taken on July 14, 2023 shows an Indian Space Research Organization (ISRO) rocket carrying the Chandrayaan-3 spacecraft lifting off from the Satish Dhawan Space Center in Sriharikota, an island off the coast of southern Andhra Pradesh state. AFP
This screen grab made from video footage from ISRO via AFPTV taken on July 14, 2023 shows an Indian Space Research Organization (ISRO) rocket carrying the Chandrayaan-3 spacecraft lifting off from the Satish Dhawan Space Center in Sriharikota, an island off the coast of southern Andhra Pradesh state. AFP

The Indian space sector has in the last 10 years contributed $60 billion to GDP, as well as generated 4.7 million jobs in the country, a report showed on Saturday.

The report by global consulting firm Novaspace, commissioned by the Indian Space Research Organization (ISRO), was released by Union Minister of State for Space Jitendra Singh on the occasion of National Space Day.

It showed that in the last years, the country invested nearly $13 billion in the space sector.

Through direct, indirect, and induced benefits, the sector contributed $60 billion to the national GDP, according to India’s news channel, NDTV.

Steve Bochinger, affiliate executive adviser at Novaspace, said that from $3.8 billion in 2014, the sector's estimated revenues increased to $6.3 billion in 2023.

Bochinger also noted that the Indian space sector generated 4.7 million jobs, and “directly employs 96,000 persons through the public and the private sector.”

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China Expands Visa-free Entry to More Countries in Bid to Boost Economy

Shoppers with their purchased goods walk past a popular outdoor shopping mall in Beijing, on Nov. 14, 2024. (AP Photo/Andy Wong)
Shoppers with their purchased goods walk past a popular outdoor shopping mall in Beijing, on Nov. 14, 2024. (AP Photo/Andy Wong)
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China Expands Visa-free Entry to More Countries in Bid to Boost Economy

Shoppers with their purchased goods walk past a popular outdoor shopping mall in Beijing, on Nov. 14, 2024. (AP Photo/Andy Wong)
Shoppers with their purchased goods walk past a popular outdoor shopping mall in Beijing, on Nov. 14, 2024. (AP Photo/Andy Wong)

China announced Friday that it would expand visa-free entry to citizens of nine more countries as it seeks to boost tourism and business travel to help revive a sluggish economy.
Starting Nov. 30, travelers from Bulgaria, Romania, Malta, Croatia, Montenegro, North Macedonia, Estonia, Latvia and Japan will be able to enter China for up to 30 days without a visa, Foreign Ministry spokesperson Lin Jian said.
That will bring to 38 the number of countries that have been granted visa-free access since last year. Only three countries had visa-free access previously, and theirs had been eliminated during the COVID-19 pandemic.
The permitted length of stay for visa-free entry is being increased from the previous 15 days, Lin said, and people participating in exchanges will be eligible for the first time. China has been pushing people-to-people exchange between students, academics and others to try to improve its sometimes strained relations with other countries, The Associated Press reported.
China strictly restricted entry during the pandemic and ended its restrictions much later than most other countries. It restored the previous visa-free access for citizens of Brunei and Singapore in July 2023, and then expanded visa-free entry to six more countries — France, Germany, Italy, the Netherlands, Spain and Malaysia — on Dec. 1 of last year.
The program has since been expanded in tranches. Some countries have announced visa-free entry for Chinese citizens, notably Thailand, which wants to bring back Chinese tourists.
For the three months from July through September this year, China recorded 8.2 million entries by foreigners, of which 4.9 million were visa-free, the official Xinhua News Agency said, quoting a Foreign Ministry consular official.