Biotechnology driving sustainable growth, experts highlight at webinar
Experts highlight biotechnology's role in driving sustainable growth and addressing societal demands.
Key Facts
India's bio-economy is the fastest growing in the world.
India's bio-economy has grown from $10 billion in 2014 to $165 billion in 2024.
The bio-revolution targets $300 billion by 2030.
Sustainability rests on environmental suitability, economic viability, and social utility.
UPSC Exam Angles
GS Paper 3: Science and Technology - Developments and their applications and effects in everyday life
GS Paper 3: Biotechnology and its applications in agriculture and health
Potential question types: Statement-based MCQs, analytical questions on the ethical implications of biotechnology
Visual Insights
Key Statistics from Biotechnology Webinar
Highlights key statistics mentioned in the webinar summary, focusing on India's bio-economy target.
- Bio-economy Target by 2030
- $300 Billion
Indicates the ambitious growth trajectory of India's bio-economy and its potential impact on sustainable development.
More Information
Background
Latest Developments
Frequently Asked Questions
1. What are the key facts about India's bio-economy for the UPSC Prelims exam?
Key facts include the current size of India's bio-economy, its growth trajectory, and future targets. Remember that India's bio-economy has grown significantly, targeting $300 billion by 2030, and sustainability rests on environmental suitability, economic viability, and social utility.
Exam Tip
Focus on memorizing the figures related to the bio-economy's growth and the target year.
2. What is the bioeconomy, and why is it important for sustainable development?
The bioeconomy refers to economic activities related to the invention, development, production and use of biological products and processes. It is important for sustainable development because it facilitates green processes with zero waste management and addresses societal demands in an environmentally friendly way.
Exam Tip
Understand the link between bioeconomy and SDGs (Sustainable Development Goals).
3. What are the skillsets required for green growth and a bio-enabled economy, as highlighted in the webinar?
The webinar emphasized that skillsets in microbial culture, gene manipulation, and data analysis are crucial for green growth and a bio-enabled economy. These skills are essential for leveraging biotechnology to drive sustainable solutions.
Exam Tip
Consider how these skillsets align with the government's Skill India Mission.
4. How has India's bio-economy grown in recent years, and what is the target for 2030?
India's bio-economy has grown significantly from $10 billion in 2014 to $165 billion in 2024. The bio-revolution targets $300 billion by 2030.
Exam Tip
Remember the growth trajectory and the target for 2030. This can be useful for both prelims and mains.
5. What are the pros and cons of focusing on biotechnology for sustainable growth in India?
Pros include the potential for green processes, waste management, and economic growth. Cons might involve ethical concerns, the need for skilled labor, and potential environmental risks if not managed properly. The focus on sustainability (environmental suitability, economic viability, and social utility) is key.
Exam Tip
Consider the ethical implications of biotechnology and how they can be addressed.
6. Why is biotechnology in the news recently, and what are the recent developments?
Biotechnology is in the news due to its potential for driving sustainable growth and addressing societal demands. Recent developments include advancements in gene editing technologies like CRISPR-Cas9, and the significant growth of India's bio-economy.
Exam Tip
Stay updated on new biotechnological innovations and their potential impact.
Practice Questions (MCQs)
1. Consider the following statements regarding India's bio-economy: 1. India's bio-economy is targeted to reach $300 billion by 2030. 2. Biotechnology facilitates green processes with zero waste management. 3. Sustainability in the context of bio-economy rests solely on environmental suitability. Which of the statements given above is/are correct?
- A.1 and 2 only
- B.2 and 3 only
- C.1 and 3 only
- D.1, 2 and 3
Show Answer
Answer: A
Statement 1 is CORRECT: The webinar highlighted that India's bio-economy is targeting $300 billion by 2030. Statement 2 is CORRECT: Biotechnology facilitates green processes with zero waste management, contributing to sustainability. Statement 3 is INCORRECT: Sustainability rests on environmental suitability, economic viability, and social utility, not solely on environmental suitability.
2. In the context of biotechnology, consider the following skillsets: 1. Microbial culture techniques 2. Gene manipulation 3. Data analysis Which of these skillsets are crucial for green growth and a bio-enabled economy, as highlighted in the webinar?
- A.1 and 2 only
- B.2 and 3 only
- C.1 and 3 only
- D.1, 2 and 3
Show Answer
Answer: D
The webinar highlighted that skillsets in microbial culture, gene manipulation, and data analysis are crucial for green growth and a bio-enabled economy. Therefore, all three skillsets are essential.
3. Which of the following statements accurately describes the role of the Genetic Engineering Appraisal Committee (GEAC) in India?
- A.It promotes the use of genetically modified crops to increase agricultural productivity.
- B.It regulates the manufacturing, use, import, and export of hazardous microorganisms and genetically engineered organisms and cells.
- C.It provides financial assistance to biotechnology startups.
- D.It conducts research on new genetic engineering techniques.
Show Answer
Answer: B
The Genetic Engineering Appraisal Committee (GEAC) functions under the Ministry of Environment, Forest and Climate Change. It is responsible for regulating the manufacturing, use, import, and export of hazardous microorganisms and genetically engineered organisms and cells in India.
Source Articles
Biotechnology to steer accelerated green growth of the future, say experts - The Hindu
Cabinet approves scheme to boost biotech manufacturing - The Hindu
Govt launches advanced biomanufacturing hubs to boost bioeconomy, innovation - The Hindu
India’s biotech surge builds momentum but faces scale bottlenecks - The Hindu
Reimagining green economy through landscapes - The Hindu
