The Union Cabinet has approved the Indian Space Policy 2023

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The Covid-19 pandemic had a significant impact on the economy but provided a rare opportunity to open India’s domestic outer space industry to the private sector

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 Private entities would be interested in Low Earth Orbit (LEO)

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Almost sixty-six years ago, on 4 October 1957

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 space scientist Sergei Korolev from the USSR launched the first man-made object into outer space

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a basketball-sized artificial satellite weighing 85 kg, known as Sputnik

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 Launched on a large rocket, Sputnik had orbited the earth at a speed of 29,000 km per hour

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covering a distance of 70 million km over three months 

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before falling out of orbit in January 1958

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Sputnik carried only a low-power radio transmitter

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