Q. Consider the following statements regarding the India BioEconomy Report:
1.India’s bioeconomy has almost doubled in recent years.
2.India’s bioeconomy-to-GDP share is comparable to the US and China.
3.The report is published by the Department of Science and Technology.
Which of the statements given above are correct?
Answer: A
Notes:
Explanations –
Statements 1 and 2 are correct. According to the India BioEconomy Report 2025, India’s bioeconomy grew from $86 billion in 2020 to $165.7 billion in 2024, nearly doubling in value over this period. The report states that India’s bioeconomy contributes 4.25% to its GDP, which is comparable to the US (5%) and China (4%).
Statement 3 is incorrect. The India BioEconomy Report is published by the Department of Biotechnology (DBT) and BIRAC (Biotechnology Industry Research Assistance Council).
Source: Forum IAS
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