>>but then there are a lot of other economic machinery related things that we need to figure out first.
The budget is shoe string, so small that its almost a rounding error in India's budget. I am not sure what you would accomplish cutting that and investing in yet another give-away-things-for-free schemes.
>>By the time ISRO of India matures up, rocketry elsewhere will move away from public institutions to the more competitive and cut-throat marketplace of private players.
Well this is as mature as it gets. A agency that has sent one probe to moon, another one in progress and is sending one to mars at a shoe string budget compared any other nation is by no means a 'immature' agency.
>>So I just don't see the point, enlighten me if there is one.
There is no point in anything. Anything for that matter, why climb the Mount Everest? Why invent the Internet, or go to the moon, or anything that will ever exist on earth. Earth is just a small rock going around an average star in some corner of a galaxy. Humanity is too small and feeble to have any impact on anything in the grand scheme of things.
>>Besides Indian Government should rather (and at least) be focusing on the more serious issues drowning 'our country in our own poop' -- things like corruption, poverty, malnutrition, malaria, dengue, power outages etc. What not!
Firstly this isn't one-after-the-other, you have to do things in parallel. Secondly if we were to wait to start before everything is right, we would never start anything.
Update: May be you should reply to specific comments. Besides, I will reply any way.
>>Can someone explain how ISRO is gonna compete tomorrow, and do the same space exploration at a competitive cost, when the rest of the world would have moved to space industry being managed by private players and even start-ups?
We should debate about that then?
How many start up's do you see in space exploration currently? Spacex doesn't count as a start up as they started with a pretty big investment.
Space exploration is expensive and requires funding across years to see any sign of success, in short you can't start a space exploration firm in your garage. This why ideally governments are better placed to chase such large decade spanning projects.
>>Someone indicated below that ISRO operates on a shoe-string budget. Can we fix that at least?
What do you want to fix? Can you point out what is broken first?
Only thing that needs to be fixed is that we need to aim higher, and provide them with better funds to get there.