Read the given passage and answer the following question based on it: In an earlier column on what India needs to do to become a proper space power, i...

Read the given passage and answer the following question based on it: In an earlier column on what India needs to do to become a proper space power, it was argued that India must enhance both its ability to utilize space and its capability to prevent adversaries from reliably using space. Other spacefaring nations invest heavily in these areas, mainly focusing on improving their space utilization capacity. A notable difference in their approach compared to India’s is the active involvement of the private sector in commercial space activities. It is ironic that India, with a space program dedicated to human development, is lagging in leveraging private sector innovation in space. This limitation not only restricts economic benefits from space but also poses serious national security risks. A fundamental way to secure space capabilities is by distributing them across multiple satellites and spacecraft, ensuring business continuity even if some satellites are disabled by adversaries. The more critical the function, the greater the need for diversity. The US is vulnerable due to its reliance on thousands of satellites but is well-prepared to handle attacks by switching to alternatives. With private US companies planning to launch thousands of satellites soon, its space security will further improve. Similarly, China is expanding its active space assets through significant public investment and by encouraging private entrepreneurs. In this evolving space economy, India is handicapped by the absence of private sector participation. While ISRO continues its successful path, no private companies are involved. Therefore, India must deregulate the space sector to foster private industry participation, serving both commercial and strategic interests, and potentially becoming a global space technology hub. Question: According to the passage, which of the following statements is TRUE?