Budget 2019: FM hikes Dept of Space outlay, pushes for commercialisation

New Space India Ltd, the commercial arm of Isro, gets a mention in Budget Speech

The budget allocation for the Department of Space for the year 2019-20 is estimated to go up by 11 per cent to about Rs 12,473 crore, from the revised estimate of Rs 11,200 crore during 2018-19. The outlay for Space Technology, including Gaganyan, for the year 2019-20 has gone up by 20 per cent to around Rs 8,408 crore, from the revised budget estimate of Rs 6,993 crore during the previous year.

During the fiscal,