The Department of Space has been allocated 139.4909 billion rupees (roughly US$1.91 billion) in the 2021 annual budget.

The newly established NewSpace India Limited (NSIL) — the commercial arm of ISRO that seeks to increase government-industry cooperation — has been allocated 7 billion rupees (roughly US$96 million) to spearhead the commercialization of space products.

The also-new Indian National Space Promotion and Authorization Centre (IN-SPACe) — a single window nodal agency which
will permit and oversee the activities of Non-Government Private Entities, including building of launch vehicles, satellites, providing space based services, sharing of space infrastructure etc — will receive roughly US$1.37 million.

The main chunk of the budget goes to Space Technology: primary activities of all the ISRO Centres including the Human Spaceflight Centre (HSFC), as well as space technology projects undertaken by the Department consisting of Launch Vehicle Projects & Satellite Projects, both in development and already operational.

The Indian Institute of Space Science & Technology (IIST) saw a budget increase of 24% over last year.

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