Q. Consider the following statements:
1.India is the fifth-largest country in the world in having private space firms.
2.India’s share in the global space economy is higher than the US.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Statement 1: According to industry data, India has more than 350 private firms in the space sector making it the fifth-largest in the world in this respect after the US, UK, Canada and Germany.

Statement 2: The statement is incorrect. India’s share in the global space economy is barely 3 per cent which is lower than the US.

Source: The Indian Express