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Satcom key to financial inclusion and digital expansion: Dr Jitendra Singh
The Statesman | English | News | Oct. 10, 2025 | UndeterminedBizdev-Partnering
Union Minister Dr Jitendra Singh emphasized the importance of satellite communication (satcom) in enhancing India’s digital infrastructure and promoting financial inclusion, particularly in remote regions where traditional networks are limited. He noted that over 70 percent of new ATMs are being installed in rural areas, with satcom playing a key role in supporting this financial expansion.
Speaking at the India Mobile Congress, Singh highlighted India’s space economy as a major growth sector, projecting it to reach $44 billion by 2033 from $8.4 billion in 2022, a near fivefold increase. He attributed this growth to reforms such as the creation of NewSpace India Limited (NSIL) and IN-SPACe, which have encouraged private sector involvement and innovation by ending government monopolies.
Singh also pointed out that India now hosts over 300 space startups, making it the fifth-largest space startup ecosystem globally. He concluded by stating that India’s cost-effective missions, increasing private partnerships, and ambitious space programs are establishing the country as a global leader in space.