India's space industry is undergoing a significant transformation with the shift towards semi-cryogenic propulsion technology. Traditionally relying on cryogenic engines that burn liquid hydrogen and liquid oxygen, Indian rockets are now embracing semi-cryogenic engines that use supercooled liquid oxygen paired with refined kerosene, offering benefits such as increased thrust, cost-effectiveness, easier handling, and potential for reusability. The Indian Space Research Organisation (ISRO) recently announced the development of the SCE-200 semi-cryogenic engine, which is undergoing testing and is expected to revolutionize India's launch capabilities. The move to semi-cryo engines is driven by the advantages they offer, including greater thrust at liftoff, lower cost of fuel storage, simplified design, and support for reusability—a key aspect for future missions. ISRO's collaboration with private startups like Skyroot Aerospace, Agnikul Cosmos, and Bellatrix Aerospace is fostering innovation in the propulsion sector, leading to a new propulsion economy in India. With the development of the SCE-200, India aims to enhance its launch vehicles, increase payload capacity, and support missions to space stations, the Moon, and Mars. By reducing launch costs and improving performance through semi-cryogenic propulsion, India is poised to compete with global industry leaders and expand its share in the commercial satellite launch market. The collaboration between ISRO and private entities is driving India's space sector towards a more competitive and innovative future.