Context
The Indian Space Research Organisation (ISRO) is planning to allow the private sector to produce the Launch Vehicle Mark-III (LVM3), India’s most powerful launch vehicle. This move is similar to the retirement of NASA’s Space Shuttle program, which led to a boom in the US commercial space sector.
Q. Evaluate the role of policy reforms since 2020 in fostering private sector participation in India’s space sector. How can these reforms boost India’s position in the global space market?
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