Twelve years of the Narendra Modi government have transformed India into an aspirational nation driven by opportunity, innovation and self-belief, Union Minister Dr. Jitendra Singh said on Sunday while talking to media, asserting that governance reforms, technological democratisation and citizen-centric policies have fundamentally changed the way Indians perceive their prospects. The Minister also outlined the next phase of growth, stating that India’s space economy, currently close to $9 billion, is expected to expand to about $45 billion over the next seven to eight years as the country advances towards the goal of becoming a developed nation by 2047.

Reflecting on Prime Minister Narendra Modi’s 4,399 days in office as a continuously serving elected Prime Minister, Dr. Jitendra Singh highlighted a range of measurable outcomes over the past decade. He said India’s space startup ecosystem had grown from a single-digit number of startups a few years ago to around 400 today, with one startup recently attaining unicorn status. India’s space economy is now valued at nearly $9 billion and is projected to reach $45 billion by the end of the next seven to eight years.

The Minister said the country’s startup ecosystem had expanded from about 350-400 startups in 2014 to more than 2.3 lakh at present, generating nearly 24-25 lakh jobs.