India will send a manned flight into space by 2022, Prime Minister Narendra Modi announced Wednesday as part of India's independence day celebrations.
He said India will become the fourth country after Russia, the United States and China to achieve the feat and its astronaut could be a man or a woman. The space capsule that will transport India's astronauts was tested a few days earlier.
Rakesh Sharma was the first Indian to travel in space, aboard a Soviet rocket in 1984. As part of its own space program, India successfully put a satellite into orbit around Mars in 2014.
India won independence from British colonialists in 1947. Modi's 80-minute speech, broadcast live from the historic Red Fort in New Delhi, comes months before national elections.
Modi listed his government's achievements in the past four years in reforming the country's economy, reducing poverty and corruption. He announced a health insurance scheme for 500 million poor people providing a cover of 500,000 rupees ($7,150) per family a year.
He said India will become a growth engine for the world economy as the "sleeping elephant'' has started to run on the back of structural economic reforms.
He said its economy was seen as fragile before 2014 but was now attracting investment. India is the sixth largest economy in the world and Modi said international institutions see India as giving strength to the world economy for the next three decades.
He said the structural reforms like a national tax replacing various national and local taxes, bankruptcy and insolvency laws, and a crackdown on corruption have helped transform the economy.