What size is India's space economy expected to reach over the next seven to eight years?
- A.USD 15-20 billion
- B.USD 40-45 billion
- C.USD 90-100 billion
- D.USD 5-9 billion
Correct answer
Explanation
The correct answer is USD 40-45 billion. Dr Jitendra Singh told the roundtable that the Indian space economy, valued at roughly USD 9 billion at present, is expected to climb to USD 40-45 billion over the next seven to eight years as private capital, assured demand and quicker regulatory clearances take hold. Option A understates the projection badly; the band quoted for the coming seven to eight years is well above it. Option D is wrong because that range describes where the sector stands today rather than where it is headed. Option C overstates the figure: no projection of that order was placed before the roundtable, which dealt with turning sovereign capability into commercially competitive firms. Candidates should learn the two figures as a pair, the present value and the projection, because examiners often ask for one and offer the other as a distractor.
Read the full article: India Eyes USD 40-45 Billion Space Economy in 7-8 Years
Practice Questions
In which period was India's space sector opened to private participation, as recalled by the Minister?
- A.2014-2015
- B.2016-2017
- C.2019-2020
- D.2022-2023
Show answer
The Minister said the space sector was thrown open to private participation in 2019-2020 and that the five to six years since have already produced significant results, which is why the focus has shifted to building globally competitive commercial companies.
Read the full explanation →Which body organised the media roundtable on 'Space, Sovereignty and New Economy' in New Delhi?
- A.World Economic Forum
- B.Bloomberg New Economy Forum
- C.NITI Aayog
- D.IN-SPACe
Show answer
The discussion examined how a country can convert sovereign space capability into commercially competitive industry, attract private capital and build stronger supply chains while protecting national interests.
Read the full explanation →Which set of neighbouring countries was named as receiving space-based disaster management support from India?
- A.Nepal, Bhutan and Maldives
- B.Myanmar, Bangladesh and Sri Lanka
- C.Pakistan, Afghanistan and Iran
- D.Indonesia, Thailand and Vietnam
Show answer
Describing how space technology serves development on earth, the Minister said India provides space-based information and support for disaster management to neighbouring countries, naming these three.
Read the full explanation →Which of these climate events was identified among the four major phases in the study?
- A.The Little Ice Age
- B.The Carboniferous glaciation
- C.The Cretaceous thermal maximum
- D.The Permian extinction
Show answer
The researchers identified four major environmental phases in the lake record, associated with key climate events that include the arid event of about four point two thousand years ago, the Roman Warm Period and the Little Ice Age.
Read the full explanation →Karela Lake, the site of the study, is located near which city?
- A.Patna
- B.Prayagraj
- C.Lucknow
- D.Kanpur
Show answer
Karela Lake is an oxbow lake at Hulas Khera in Mohanlal Ganj, near Lucknow in Uttar Pradesh, and lies in the Central Ganga Plain.
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