Chandrayaan-3 is the third lunar exploration mission by the Indian Space Research Organisation (ISRO). India became the fourth country after the United States, the former Soviet Union (now Russia), and China to achieve a soft landing on the lunar surface.
What it carries?
Chandrayaan-3 will also have four engines with adjustable throttle and slew (orientation) as well as a Laser Doppler Velocimeter, meaning it can control its attitude and orientation in all phases of descent – unlike Chandrayaan-2.
Economic benefits
Chandrayaan-3 will be India’s ticket to the moon economy, an emerging sector with a potential of billions of dollars. Today, India’s private space-tech ecosystem is beaming with a vast horizon of opportunities. Just a couple of years ago, India’s space economy was valued at over $9.6 billion in 2020. By 2025, this could go up to $13 billion, according to EY India. This sector will get a big boost from the launch of Chandrayaan-3.
The successful launch of Chandrayaan-3 could bolster investor confidence and attract more private investment in space technology.
Strides in space research
The success of the mission, not only helped India make great strides in the space race but could also prove to be a big boost to the country’s economy.
India’s space economy is expected to be worth USD$13 billion by 2025.
Astronomical observations
Landing on moon’s south pole provides a pristine, elevated position for unobstructed astronomical observations. Earth’s atmospheric interference and light pollution are minimized, enabling in-depth space exploration. Astronomers can study remote galaxies, cosmic background radiation, and transient celestial events effectively.
Luring youngsters
The success of the mission will kindle interest in more youngsters taking up study of astronomy. Besides it would enhance employment opportunities and new start-up ventures could be seen towards the same. More colleges would come forward inducting courses on astronomy or space science, says educationist Dr Vijaya Raja.
