The Indian Space Research Organisation (ISRO)’s annual budget has crossed ?10,000 crore ($1.45 billion), growing steadily from ?6,000 crore five years ago. However, demand for space-based services in India is far greater than what ISRO can supply. Private sector investment is critical, for which a suitable policy environment needs to be created. There is growing realisation that national legislation is needed to ensure overall growth of the space sector.