Out of the seven satellites launched, six belonged to foreign countries, meaning that India’s share in multi-billion dollar international space market has been on increase. This is the first space venture by India after the failure of Chandrayan- I, a setback which many be called a fiasco. This success is being viewed as a major breakthrough and confidence building event because the failure of Chandrayan-I had stigmatised the Indian space programme in the eyes of cynical elements.

 

The Polar Satellite Launch Vehicle (PSLV) is a seven storeys and 230 tonne rocket and this launch was the 16th mission by PSLV for India. The credibility of this satellite launch vehicle has immensely increased because now more foreign countries are showing confidence in it.

 

The 21st century is era of space and satellites and a commercial launch vehicle can earn huge revenues in the space market. Therefore, India should augment its space programme by improving upon the PSLV and in turn, earn resources to finance our future space and defence programme.