“India’s Approach to the Moon Agreement: An Analysis of Policy Perspectives & Potential Impacts”

Author – Shashank Shekhar, Student at SVKM’S NARSEE MONJEE INSTITUTE OF MANAGMENT STUDIES

Best Citation – Shashank Shekhar, India’s Approach to the Moon Agreement: An Analysis of Policy Perspectives & Potential Impacts, ILE Monthly Review, 1 (1) of 2023, Pg. 16-24, ISBN – 978-81-961828-8-5

ABSTRACT

India’s space program has made significant strides in recent years, including its lunar exploration agenda. As a signatory to the Moon Agreement, an international treaty that governs the activities of states on the Moon and other celestial bodies, India’s approach to this treaty has policy perspectives and potential impacts. This research paper provides a comprehensive analysis of India’s approach to the Moon Agreement, examining its compliance with the treaty, challenges, and opportunities, and potential impacts in legal, economic, and strategic aspects. The paper explores India’s space policies, international treaties, and scholarly articles to understand India’s evolving space program, its interests in lunar exploration, and the implications of its approach to the Moon Agreement. The paper discusses how India’s compliance with the Moon Agreement may shape its lunar exploration agenda and impact its reputation as a responsible space-faring nation. It also highlights challenges such as resource utilization, conflicting interests, and evolving legal frameworks. Opportunities in terms of international collaborations, technological advancements, and socio-economic benefits are also examined. The paper concludes by discussing the future prospects and implications of India’s approach to the Moon Agreement, emphasizing the need for aligning policies, technologies, and collaborations to maximize benefits and contribute to space governance. This research paper provides insights into India’s approach to the Moon Agreement and its potential impacts, offering valuable perspectives for policymakers, researchers, and space enthusiasts interested in India’s lunar exploration agenda.

Keywords: Lunar, Space, Moon Agreement, Treaty.