• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Current Affairs

Feb 16, 2017, 12.59 PM | Source: PTI

ISRO's world record makes Indians proud: Chinese daily

"This is perhaps the first widely followed world record India has made in the field of space technology. The Indians have reason to be proud," state-run Global Times said in its editorial today.

Like this story, share it with millions of investors on M3

ISROs world record makes Indians proud: Chinese daily

"This is perhaps the first widely followed world record India has made in the field of space technology. The Indians have reason to be proud," state-run Global Times said in its editorial today.

Post Your Comments

Share Cancel

| 1 Comments
ISROs world record makes Indians proud: Chinese daily
Grudgingly acknowledging ISRO's world record feet of successfully launching 104 satellites on a single rocket would make "Indians proud", China's official media today said India's space programme offered "food for thought" for other countries on how to achieve space success with small budgets.

"This is perhaps the first widely followed world record India has made in the field of space technology. The Indians have reason to be proud," state-run Global Times said in its editorial today.

However the tabloid daily which criticised India in 2013 for sending Mangalyaan to Mars overtaking China despite "millions of poor and illiterate people" said the significance of the ISRO's new feat is "limited".

"However, the space technology race is not mainly about the number of satellites at one go. It's fair to say the significance of this achievement is limited," it said.

Acknowledging that the new record is a "hard-won achievement for India to reach current space technology level with a relatively small investment," the daily said "it offers food for thought for other countries".

"India launched a lunar probe in 2008 and ranked first among Asian countries by having an unmanned rocket orbit Mars in 2013," it said.

"Many lessons can be drawn from India. As a rising power, it has done a good job. It is ambitious but pragmatic, preferring to compare with others as an incentive to progress.

India's political and social philosophy is worth pondering," it said.

"Nonetheless, the development of a country's space technology is determined by the size of its input. According to data released by the World Economic Forum in 2016, the US' space budget in 2013 was USD 39.3 billion, China USD 6.1 billion, Russia USD 5.3 billion, Japan USD 3.6 billion and India USD 1.2 billion," it said.

"As India's GDP is about one-fifth to one-fourth that of China's, the share of investment in space technology in India's GDP is similar to that of China's," it argued.

The daily which has been carrying critical articles against India on almost on daily basis also sought to make out a case that India is spending more on defence than China in terms of GDP ratio.

China's last year's budget amounted to USD 146 billion against India's USD 46 billion.

"India's defence budget is about one-third of China's, a higher percentage of GDP than that of China," it said.

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login