According to the RIS study, what was the size of India’s Ayush services economy in FY2024-25?
- A.US$17.73 billion
- B.US$36.92 billion
- C.US$1.77 billion
- D.US$216 billion
Correct answer
Explanation
The correct answer is US$36.92 billion, the estimated economic contribution of the Ayush services sector in FY2024-25, growing at a compound annual rate of 16.91 per cent since FY2022-23. Option A, US$17.73 billion, is the revenue of Ayurveda alone, the largest of the six Ayush systems, which is close to 48 per cent of the sector rather than all of it. Option C, US$1.77 billion, is the Medical Value Travel revenue earned in FY25, a narrow slice built on foreign patients who make up only about 5 per cent of patient numbers. Option D, US$216 billion, is the lower end of the projection for 2047, not a present figure at all. Only option B states what the sector was worth in the year the study measured.
Read the full article: RIS Study Puts Ayush Services Economy at $36.92 Billion
Practice Questions
Which organisation carried out the study on the economic contribution of the Ayush services sector?
- A.NITI Aayog
- B.Research and Information System for Developing Countries (RIS)
- C.Indian Council of Medical Research
- D.National Statistical Office
Show answer
RIS is a policy research institute that works on trade and development questions, which is why an economic measurement of a health sector fell to it rather than to a medical body.
Read the full explanation →How many livelihoods does the Ayush services sector support, as per the study?
- A.1.76 million
- B.17.6 million
- C.76 lakh
- D.4.3 million
Show answer
The correct answer is 1.76 million livelihoods, which the study says the Ayush services sector directly supports, with more than a million of those jobs concentrated in local and standalone clinics.
Read the full explanation →How many interrelated components make up the Knowledge Ecosystem outlined in the paper?
- A.Five
- B.Six
- C.Eight
- D.Ten
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The Actionable Policy Paper sets out a Knowledge Ecosystem built from eight connected components, which include knowledge capabilities and assets, enabling infrastructure, knowledge creation activities, knowledge products, knowledge-embedded products, knowledge-intensive entrepreneurship and knowledge application.
Read the full explanation →By which date can feedback be sent to MoSPI on the Actionable Policy Paper on measuring knowledge in the economy?
- A.30 November 2026
- B.12 December 2026
- C.31 December 2026
- D.15 January 2027
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The Ministry of Statistics and Programme Implementation invited feedback and suggestions from all stakeholders and the general public on the Actionable Policy Paper, and set that day as the closing date for the consultation.
Read the full explanation →Who chaired the Committee on Knowledge Systems whose report MoSPI has opened for public feedback?
- A.Prof. Ajay Kumar Sood
- B.Dr. R. Balasubramaniam
- C.Shri Ratan P. Watal
- D.Dr. Bibek Debroy
Show answer
The correct answer is Shri Ratan P. Watal, a former Member Secretary of the Economic Advisory Council to the Prime Minister, who headed the committee constituted in May 2026.
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