With reference to India’s Bioeconomy sector, consider the following statements:1.India’s bioeconomy is likely to decline by the end of this decade.2.Biotech-KISAN is an initiative of the government to boost Bio-Economy.Select the correct statement using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Explanation –

Statement 1 is incorrect. India’s bioeconomy is likely to touch USD 150 billion by 2025 and over USD 300 billion by 2030.

Statement 2 is correct. Biotech-KISAN is an initiative of the government to boost Bio-Economy.