What is the projected valuation of India's satellite communication (satcom) market by 2028?

Correct option is C

The correct answer is (c) $20 billion
Explanation:
• Projection linked to rapid growth in space-based communication demand.
• Driven by broadband, maritime, aviation, and defence applications.
• Private sector participation enabled through space reforms.
• Aligned with Indian Space Policy and IN-SPACe framework.
Information Booster:
• ISRO enables non-government entities through IN-SPACe (2020).
• Satcom supports Digital India and remote area connectivity.
• LEO satellite constellations boost market expansion.
Additional Knowledge (Incorrect Options):
(a) $5 billion
• Underestimates projected growth potential.
(b) $15 billion
• Lower than official and industry projections.
(d) $10 billion
• Reflects earlier market size, not 2028 estimate.