Union Finance Minister Nirmala Sitharaman has made a provision in the budget to promote space missions. The Finance Minister presented the budget on 23 July, in which she has made a provision of Rs 1000 crore in her budget to promote the Indian space economy. Now the question is which countries spend the most on space missions and how much do they spend.
Space Mission
Indian Space Agency ISRO has done many big missions related to space in the last 2 decades. Seeing these missions, space agencies around the world are also impressed. To promote space missions, a budget provision of Rs 1000 crore has been made in Modi 3.0 government. In the budget speech, the Finance Minister said that the space economy will grow five times in the next decade. This is a venture capital fund. Investments will be made in the space industry through this.
According to space sector experts, the Indian space economy is currently worth $8.4 billion or more than Rs 70 thousand crores. In the next decade, it will be worth more than Rs 3.68 lakh crores. This means that India’s share in the global space economy will increase from 2 percent to 8 percent.
Who spends more on space missions?
Now the question is which country spends the most on space missions. According to the data of 2023, America spent $ 73.2 billion on its space agency NASA. Whereas China spent $ 14.15 billion. Japan spent $ 4.65 billion and France spent $ 3.47 billion. Apart from this, Russia spent $ 3.41 billion, European Union spent $ 2.81 billion, Germany spent $ 2.29, Italy spent $ 2.11 billion and India spent $ 1.69 billion, UK spent $ 1.45 billion.
Apart from this, America spent the highest amount of 61.97 billion US dollars in the year 2022. China spent 11.94 billion US dollars, Japan spent 4.9 billion US dollars, France spent 4.2 billion US dollars, Russia spent 3.42 billion US dollars, Germany spent 2.53 billion US dollars, India spent 1.93 billion US dollars, Italy spent 1.74 billion US dollars, UK spent 1.15 billion US dollars, South Korea spent 0.72 billion US dollars and European Union spent 2.6 billion US dollars.
missions of india in 2023
Chandrayaan 3
With this mission, the Indian Space Agency ISRO has created a new history in 2023. Chandrayaan has done a soft landing on the moon. It has become the first spacecraft to land on the South Pole of the moon. Chandrayaan 3 Through this, India has now become the fourth country to join the elite club of Russia, US and China, whose spacecraft have landed on the moon.
Aditya L1 Mission
After landing the spacecraft on the moon, India has sent the next spacecraft towards the sun. This is India’s first space based solar observatory, which will be located at a distance of about 1.5 million km from the Earth and will study various aspects related to the sun.
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