Chandrayaan-3 / India will become a contender for 'moon economy', business will run like 'Avatar'

Chandrayaan-3: Do you remember Hollywood's 'Avatar' movie? Yes, the same one in which the people of the earth disguise themselves as people from other planets and go there to do many types of research. Later it is revealed that many minerals and other substances found on other planets are sent to the earth from this mission, which is traded here in billions of dollars. At the same time, a colony of humans is also established on another planet. Now that 3 countries of the world have already set their feet on the moon. India is going to do this with Chandrayaan-3, so is a 'moon economy' also being created? What is this 'moon economy' and how India is going to be a part of it, let us understand.

Before India, America, Russia and China have been successful in landing on the surface of the moon. If India's Chandrayaan-3 is successful, then India will be the fourth country to enter this club. That's why, along with India, these countries are also going to be contenders in the 'moon economy', because they will definitely get the 'initiative advantage' somewhere. By the way, 'Avatar' was a science-fiction film, in which everything happens instantly. But in reality, it may take decades for something like this to happen on the moon. Still what is this 'moon economy'?

Understand what is 'moon economy'?

Many countries are sending space missions to the moon. All the space activities related to the moon, production, building space stations, use and exchange of resources obtained from the lunar surface, data, tourism on the moon, booking land on the moon, etc. are all part of the 'Moon Economy'. A PwC report states that human presence in any form on the moon is actually a 'moon economy'.

There are three basic stages of 'Moon Economy'. First, to study by sending a space mission to the moon, to send humans, to set up a tourism industry. In the second phase, commercializing the information received from the moon, building a space station on the moon, trading mineral resources, etc. and in the third phase, the work of settling humans on the moon.

Claims from Elon Musk to Jeff Bezos

Many countries of the world are currently engaged in the exercise of sending humans to the 'moon'. India's Chandrayaan-3 mission is also a part of it. If Chandrayaan-3 lands on the surface of the moon properly, then India will also be able to send humans to the moon, as America has done in 1969. The purpose of Jeff Bezos's 'Blue Origin' and Elon Musk's 'SpaceX' business is to send humans to the moon.

How big is the 'moon economy'?

The PwC report says that by 2040, 1000 astronauts will be on the moon. Out of this, 40 is expected to reach only by 2030. In such a situation, the equipment required to go to the moon, space shuttle, telescope as well as many TV shows and other programs related to the moon, etc. can be a part of the 'moon economy'. This will also generate employment on a large scale. This economy related to the moon can be up to 634 billion dollars.

How will India become a contender for 'moon economy'?

India is going to become the fourth country in the world to land on the surface of the moon. In this way, India will get the advantage of being the 'first mover' in the economy related to the moon. Apart from this, the cost of India's space mission is less than that of many countries of the world, so India can take a major part of the economy of sending missions to the moon or launching satellites for many other countries of the world. With this, India can become a favorite place to make many equipment used on the moon.