What target has been set for India's space economy, according to the Commerce and Industry Minister?
- A.USD 20 billion by 2030
- B.USD 44 billion by 2033
- C.USD 60 billion by 2035
- D.USD 100 billion by 2040
Correct answer
Explanation
The correct answer is USD 44 billion by 2033. Piyush Goyal said India's space economy was valued at USD 8.4 billion at the time of his address and had the potential to reach USD 44 billion by that year, a prospect he linked to the opening of the space sector to private participation. He added that international partners were showing growing interest in working with India on space, artificial intelligence, computing and startups. The other options give figures and years that were not mentioned, and the trap here is to remember the current value of USD 8.4 billion but misplace the target. In the same address the Minister described India's startup ecosystem as the third largest in the world, noted that the first Startup Fund of Funds had been fully utilised with a second now in place, and referred to the Research, Development and Innovation Fund as another support for innovation.
Read the full article: India's Nine Trade Pacts Open USD 60 Trillion Market
Practice Questions
According to Piyush Goyal, what is the aggregate GDP of the economies opened by India's nine trade agreements?
- A.USD 25 trillion
- B.USD 40 trillion
- C.USD 60 trillion
- D.USD 85 trillion
Show answer
The Commerce and Industry Minister said the nine free trade and bilateral agreements concluded by the government have opened preferential market opportunities in economies whose combined output comes to that figure.
Read the full explanation →What share of India's installed electricity capacity comes from green and renewable sources, as stated by Piyush Goyal?
- A.40 per cent
- B.50 per cent
- C.60 per cent
- D.75 per cent
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The Minister said that green and renewable sources now make up that share of India's installed electricity capacity, while adding that coal remains necessary for energy security and for keeping power affordable.
Read the full explanation →Under the migration agreement cited by Goyal, how many Indians a year does Germany require?
- A.30,000
- B.50,000
- C.90,000
- D.1,20,000
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Recalling a conversation with the German Foreign Minister about the migration agreement between India and Germany, Piyush Goyal said the arrangement carries a requirement of 90,000 Indians a year, and that he was told Germany in fact needed substantially more Indian talent than that.
Read the full explanation →Under which ministry does the Chief Labour Commissioner (Central) function?
- A.Ministry of Labour and Employment
- B.Ministry of Corporate Affairs
- C.Ministry of Skill Development and Entrepreneurship
- D.Ministry of Heavy Industries
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The office of the Chief Labour Commissioner (Central) works under this ministry, and the Assistant Labour Commissioner (Central) at Jalandhar, whose conciliation produced the settlements at UltraTech, Bathinda, functions under that office.
Read the full explanation →With which two trade unions were the settlements at UltraTech, Bathinda concluded?
- A.BMS and INTUC
- B.CITU and AITUC
- C.HMS and SEWA
- D.INTUC and AITUC
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The management of UltraTech at Bathinda signed one Memorandum of Settlement with each of these two unions on 14 October 2026, and together the agreements are expected to deliver benefits of about Rs 3.36 crore to 217 workers over five years.
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