The Indian Space Research and Exploration is a booming Industry which should have huge investments for becoming a key player in India's growth. Fats supporting it are--
--India's successful Mission on Mars, which reached the Red Planet in it's maiden attempt in a cost less than the production cost of Hollywood Movie 'Gravity'.
--The failure of Space Missions are rarely reported by India unlike Western countries which often report accidents.
--The Indian talent in the Space technology will be retained by investing further in this field significantly reducing the 'Brain Drain' of India.
--The developments in Space Technology will help India in not just National Security, but in reducing the dependence on Foreign Technologies like 'GPS' and will also help in exploring Ocean Wealth & protecting Biodiversity.
--It will help India exercise it's soft diplomacy for developing nations and secure it's dominant position among SAARC countries.
--It will also help India earning Foreign Exchange in high quantities, by the export of technology resulting in the reduction of Inflation and Fiscal deficit.
However, Making high investments may also result in reduction of expenses on the Social Schemes where the govt. has already reduced it's expenditure as can be seen in the Budget Allocation for ICDS etc.
-----The recent success therefore supports the scope of investment but it should be prudent keeping Indian poverty in mind else the eyes on the sky would end up ignoring the ground where the feet are placed.
--India's successful Mission on Mars, which reached the Red Planet in it's maiden attempt in a cost less than the production cost of Hollywood Movie 'Gravity'.
--The failure of Space Missions are rarely reported by India unlike Western countries which often report accidents.
--The Indian talent in the Space technology will be retained by investing further in this field significantly reducing the 'Brain Drain' of India.
--The developments in Space Technology will help India in not just National Security, but in reducing the dependence on Foreign Technologies like 'GPS' and will also help in exploring Ocean Wealth & protecting Biodiversity.
--It will help India exercise it's soft diplomacy for developing nations and secure it's dominant position among SAARC countries.
--It will also help India earning Foreign Exchange in high quantities, by the export of technology resulting in the reduction of Inflation and Fiscal deficit.
However, Making high investments may also result in reduction of expenses on the Social Schemes where the govt. has already reduced it's expenditure as can be seen in the Budget Allocation for ICDS etc.
-----The recent success therefore supports the scope of investment but it should be prudent keeping Indian poverty in mind else the eyes on the sky would end up ignoring the ground where the feet are placed.
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