Out of This World – India’s Moon Landing
India is one of the most intriguing countries in the world at the moment. Recently surpassing China to become the most populous country in the world, India’s economy is one of the fastest growing in the world, and they are starting to enter the upper echelon of nations in the world order.
India’s ambitions go out of this world, too, both figuratively and literally. The nation of 1.4 billion people has been attempting to reach the Moon for the past decade, failing in 2019, but history was made on Wednesday. India became the first country in the world to land a spacecraft near the Lunar South Pole of the Moon, beating Russia in the race as their mission failed a few days ago. India now joins the US, China, and the Soviet Union as the only nations in the world to land on the moon, which is elite company for their growing space program.
India is set to receive many benefits from this, including increased geopolitical power along with greater emergence on the international stage. However, there are clear economic benefits that will spur from this breakthrough in their space program as it now paves the path to private space exploration programs, like SpaceX in the United States. An official at India’s Ministry of Science and Technology estimates that the industry could reach $1 trillion, which would do wonders for their already hot economy. Along with this, perception is key on the global stage, and India’s steps forward almost certainly mean that not only would domestic industries benefit, but foreign investors would increase their presence in the country, leading to further economic growth. At the low cost it took for this mention, India is walking out as a clear winner, leaving their future brighter than the Sun.
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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.