Private sector companies have operated in the space sector since the 1980s. The Falcon Heavy launch by SpaceX that put the car on its trajectory confirms what has been increasingly apparent this decade: The private sector is leading a new space race. Private sector companies have operated in the space sector since the 1980s. It lacks a nodal body—an independent body that creates a level playing field for government and private enterprises would be best—and any law regulating private sector activity in space. India has the public and private sector potential to exploit first-mover advantage—if it addresses the private sector space race with more urgency.

Source: Mint February 08, 2018 18:44 UTC