As contestation in outer space has evolved into increased militarization since the Cold War era, multiple stakeholders have come to play a significant role in shaping the international regime governing activities of State and non-State actors in outer space. India has interacted with this international regime in a dynamic manner, and currently contributes about 2 per cent to the US$ 360 billion global space industry. Its own security compulsions in outer space are shaped by its national interests vis-a-vis data collection, C4ISR, satellite communications, and of course, deterrence against the rising military might of hostile countries in its neighbourhood—China and Pakistan. In this light, this article looks at the potential of India’s domestic material and policy-based space architecture, including the functioning of ISRO and its collaboration with the private sector, as well as India’s current space-based assets and ASAT capabilities. On the basis of this assessment of India’s current institutional and infrastructural assets for outer space, the article also attempts to chart a trajectory forward for India’s space policy and counter-space capabilities.