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Consider the following statements:
1. The India BioEconomy Report projects that the value of India's bioeconomy will exceed $165 billion in 2024, representing over 4.2% of the country's GDP.
2. The pharmaceutical sector accounts for 35% of the total bioeconomy value, driven largely by vaccine development.
3. The BioE3 policy aims to position India as a global hub for bio-manufacturing and leading biotech research, with a focus on bio-based chemicals and climate-resilient agriculture.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    1 and 2 Only
  • c)
    1 and 3 Only
  • d)
    1, 2 and 3
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:1. The India BioEconomy Report proj...
All three statements provided are accurate and reflect key aspects of the India BioEconomy Report and the associated policy directions:
1. Statement 1 is correct: The India BioEconomy Report indeed projects that India's bioeconomy will exceed $165 billion by 2024, comprising over 4.2% of the country's GDP. This projection indicates significant growth from previous years, highlighting the expanding role of the bioeconomy in India's economic landscape.
2. Statement 2 is correct: The pharmaceutical sector is a major component of India's bioeconomy, accounting for 35% of its total value. This substantial share is largely driven by advancements in vaccine development, reflecting the sector's pivotal role in the bioeconomy.
3. Statement 3 is correct: The BioE3 policy aims to establish India as a global leader in bio-manufacturing and biotech research. It emphasizes areas such as bio-based chemicals, functional foods, precision biotherapeutics, and climate-resilient agriculture, demonstrating a comprehensive approach to enhancing India's bioeconomy.
Thus, all three statements are correct, and the correct answer is Option D, as they collectively reflect the current and future projections and policy directions outlined in the report.
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Consider the following statements:1. The India BioEconomy Report projects that the value of India's bioeconomy will exceed $165 billion in 2024, representing over 4.2% of the country's GDP.2. The pharmaceutical sector accounts for 35% of the total bioeconomy value, driven largely by vaccine development.3. The BioE3 policy aims to position India as a global hub for bio-manufacturing and leading biotech research, with a focus on bio-based chemicals and climate-resilient agriculture.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:1. The India BioEconomy Report projects that the value of India's bioeconomy will exceed $165 billion in 2024, representing over 4.2% of the country's GDP.2. The pharmaceutical sector accounts for 35% of the total bioeconomy value, driven largely by vaccine development.3. The BioE3 policy aims to position India as a global hub for bio-manufacturing and leading biotech research, with a focus on bio-based chemicals and climate-resilient agriculture.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. The India BioEconomy Report projects that the value of India's bioeconomy will exceed $165 billion in 2024, representing over 4.2% of the country's GDP.2. The pharmaceutical sector accounts for 35% of the total bioeconomy value, driven largely by vaccine development.3. The BioE3 policy aims to position India as a global hub for bio-manufacturing and leading biotech research, with a focus on bio-based chemicals and climate-resilient agriculture.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
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