ISRO is a profitable government organization in India. Through its commercial arm Antrix Corporation, ISRO earned over $30 million in 2016-2017. ISRO has launched satellites for other countries, including 143 for the USA, because it is a trusted and capable provider. India has earned over $13 billion launching foreign satellites. While some criticize spending on space projects as poverty exists in India, ISRO provides useful services like disaster monitoring and agriculture support. Its projects also provide publicity and economic benefits that outweigh costs. Future returns from ISRO's investments are expected to be significant.
ISRO is a profitable government organization in India. Through its commercial arm Antrix Corporation, ISRO earned over $30 million in 2016-2017. ISRO has launched satellites for other countries, including 143 for the USA, because it is a trusted and capable provider. India has earned over $13 billion launching foreign satellites. While some criticize spending on space projects as poverty exists in India, ISRO provides useful services like disaster monitoring and agriculture support. Its projects also provide publicity and economic benefits that outweigh costs. Future returns from ISRO's investments are expected to be significant.
ISRO is a profitable government organization in India. Through its commercial arm Antrix Corporation, ISRO earned over $30 million in 2016-2017. ISRO has launched satellites for other countries, including 143 for the USA, because it is a trusted and capable provider. India has earned over $13 billion launching foreign satellites. While some criticize spending on space projects as poverty exists in India, ISRO provides useful services like disaster monitoring and agriculture support. Its projects also provide publicity and economic benefits that outweigh costs. Future returns from ISRO's investments are expected to be significant.
ISRO is a profitable government organization in India. Through its commercial arm Antrix Corporation, ISRO earned over $30 million in 2016-2017. ISRO has launched satellites for other countries, including 143 for the USA, because it is a trusted and capable provider. India has earned over $13 billion launching foreign satellites. While some criticize spending on space projects as poverty exists in India, ISRO provides useful services like disaster monitoring and agriculture support. Its projects also provide publicity and economic benefits that outweigh costs. Future returns from ISRO's investments are expected to be significant.
won’t make profit. ISRO makes profit. 2. Ever heard of a company called Antrix Corporation? It is a child company of ISRO. Antrix made profit of around ~218 crores (around $30 million) for the period of 2016 - 2017. 3. . 2014 Mangalyan was a big milestone for ISRO. Many criticized why India spending $66 million dollar on Mars mission while half of its population lives under poverty line. Well, they failed to notice one thing. Mangalyan made ISRO an overnight hero Every newspaper and TV channels in the world talked about ISRO and Mangalyan (a free advertising in all major TV and Newspapers). 4. ISRO launched 143 satellites for USA alone. Remember, there are many satellite launching companies in USA (Space X, Boeing, Orbital sciences, etc.,), but they chose ISRO. 5. ISRO is a moneymaking machine. Indian government is not throwing money in the drain. They are investing money in ISRO. In coming days Indian government will receive massive returns from its investments. 6. India has earned a revenue of Rs 13 billion by launching 35 foreign satellites. 7. Because all the other countries and other agencies had faith in ISRO that it would launch their satellites safely. They had faith only because ISRO has proved many times its capability by achieving success on such missions. 8. Its not only about the pride of country, as it is a government company so if ISRO makes any profit then it’s the profit for whole nation. It’s not the fact that poverty of India can be removed from the money spent on its space projects, it’s just a start so we are seeking only on the money spent, the thing we are not seeking for are the profits that can be made in future. 9. If you think that finding life on mars is just a stupid thing then I would want to ask you a question that is exploring anything is so worst as you think. Today what we humans are, are because of only science and technology and any invention is not done without curiosity, explorations and failures. So failure also doesn’t means that we’re wasting money on anything. 10. Let’s take a view on the countries which are involved in space projects and which are not. What will you see? You can clearly see that the counties not investing in these projects are not of such a kind that they are developing because only the savings of their money. 11. They send information about any impeding cyclones, any cracks on the surface of glacial ice, any cracks on the ocean beds (which might lead to tsunamis). This helps in providing crucial information to the weather department so that they plan accordingly. Guess who is affected by floods, cyclones and tsunamis the most? Yep- the poor. Not the middle class. Not the ultrarich. 12. ISRO’s SARAL satellites measures soil temperature, humidity, precipitation, speed of the wind etc.. This is crucial information in agriculture and fishery. 13. Now if you’re worried about the huge money wasted on the projects then I would let you know that the mars mission costed 73 million dollar and the data below will help you to know that how little the amount is. a) the total revenue collected from IPL 2018 is 6 times the money spent on mangalyan. b) The expenditure of Indian political parties and the government spent on election is about ~2200 crores. ISRO’s satellites costed only 1/5th of that. c) Apple Inc.’s sales revenue from India is about $ 1.8 billion. Apple India sales rise 17% to $1.8 billion in 2016-17. Why are we spending so much here?. Surely you can make do with Oppo phones?. 14. Rather than we are spending nearly 300 crores for Bahubali answer 250 crores in robo2. We are looking and showing interest on entertainment only. If we spend that money we can send more satellites which will useful for the future generation. 15.