India's Space Industry is predominantly driven by its national space agency ISRO. The industry includes over 500 private suppliers and other various bodies of the Department of Space (DoS) in all commercial, research and arbitrary regards. There are relatively few independent private agencies, though they have been gaining an increased role since the start of the 21st century. In 2023, the space industry of India accounted for $9 billion or 2%-3% of the global space industry and employed more than 45,000 people.
In 2021, the Government of India launched the Indian Space Association (ISpA) to open the Indian space industry to private sectors and start-ups. Several private companies like Larsen & Toubro, Nelco (Tata Group), OneWeb, MapmyIndia, Walchandnagar Industries are founding members of this organisation. Lieutenant General Anil Kumar Bhatt was appointed as the Director General of ISpA.