No, it feels like poor understanding of economics on your side.

Space programs are an investment. They create way more GDP than they cost. They educate young engineers, prop up local high tech companies and generally help create a highly skilled labor force that then also is able to work in other fields, using skills and technologies from the space program.

I'm not sure about India, but there are studies about the economic impact of NASA, and every dollar spent on them returns several dollars in GDP/tax revenue.