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Supportive

Right policy space for strategic industries

Skyroot Aerospace's launch signifies India's official entry into the private orbital launch club, a major milestone. This achievement is propelled by favorable policy reforms encouraging commercial space ventures and liberalizing foreign investment. India is effectively leveraging satellite and rocket technology, enhancing domestic capabilities. This policy pivot also fuels private sector growth in arms production, with government support as a principal buyer, and opens doors for private nuclear energy participation after liability caps. India's strategic industries are transitioning focus from technological to engineering capability, indicating a successful policy combination for national development.

Economic Times · ET Bureau · Jul 20, 2026 at 6:11 PM

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