India's aerospace, drone, and space-tech sector will grow over five-fold to $44 billion by 2033, creating more than 2 lakh jobs for engineers, researchers, and data scientists. Driven by policy reforms and startups, it targets 7-8% of the global market with premium wages in key hubs.
India's space economy, currently at 2% of the global share, aims for explosive growth to $44 billion by 2033—including $11 billion in exports—fueled by the Indian Space Policy 2023, 250+ startups, and IN-SPACe’s Rs 1,000 crore VC fund. Adecco India's report highlights a shift from research to industry, boosted by private participation and collaborations, with upcoming milestones like Gaganyaan and India's space station accelerating demand.
Core Growth Drivers:
Job Creation Surge: Over 2 lakh roles in engineering, research, data science, and business, including emerging positions like Space Policy Analysts, Robotics Engineers, and Avionics Specialists.
Regional Hotspots: Bengaluru, Hyderabad, Chennai, Ahmedabad, and Pune lead opportunities, with niche skills in avionics and cryogenics fetching 20-30% wage premiums.
Diversity Push: Programs like WISE Fellowship and YUVIKA boost women in tech, research, and entrepreneurship.
Deepesh Gupta of Adecco noted India's path to global space hub status through talent ecosystems.
Sources: Economic Times, PTI News, Adecco India Report