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Reuters

Reuters

Science

Science

Space industry funding in India falls 55% in 2024, data show

Reuters
Summary
Nutrition label

82% Informative

Funding in India ’s space sector plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year .

Drop , which came amid a global 20% decline in space sector investment, marks first fall in at least five years .

Industry participants said they expected to see a pickup in funding in 2025 .

VR Score

93

Informative language

99

Neutral language

85

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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