No, ISRO is not underrated anymore. There was a time when ISRO was considered to be underrated but now the tables have turned and ISRO is one of the most talked-about space research centers globally. ISRO has come up with some mind-boggling cost reduction techniques in the project Mangalyaan (2014). India became the first country to achieve success in putting a satellite in Mars orbit in its maiden attempt and the first space Asian agency to do so. This achievement of ISRO was praised globally and it shows that ISRO is not underrated now.
ISRO joined the current elite space raceway too many years back when ISRO successfully launched a record 104 satellites, including India’s earth observation satellite on-board PSLV-C37 series from the spaceport of Sriharikota. India emerged as a “key player” in a growing global commercial market for space-based surveillance and communication. The launch was yet another success for the Indian Space Research Organization, which gained a rapid reputation globally for its effective yet low-cost missions. Every mission is a technological challenge and has been achieved with a very high degree of self-reliance and capability developed under stiff international technology embargoes.
ISRO has been the pioneer space exploration agency of the Government of India and at times successfully demonstrated its unique and cost-effective technologies which have made it one of the elite space agencies in the world over the years. It holds a unique space amongst all the other research centers of the world. Having traversed this far in the space sector, ISRO now stands at the cusp of the next change which will involve sending humans into space, expanding commercial operations, and responding to the changing dynamics of space business globally.

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