India's bioeconomy grew from approximately
$10 billion in 2014 to about $195 billion in 2025
¨
India's bioeconomy grew
from approximately $10 billion in 2014 to about $195 billion in 2025.
¨
This demonstrates a
strong and consistent growth trend throughout this decade.
¨
The sector recorded an
annual growth rate of approximately 17–18% last year.
¨
During this period, its
value rose from approximately $165 billion to $195 billion.
¨
India aims to achieve a
bioeconomy worth $300 billion by 2030.
¨
The Biotechnology
Industry Research Assistance Council has played a pivotal role in bridging the
gap between research and industrial application.
¨
The BioE3 policy promotes
sustainable growth within bio-based industries.
¨ It focuses on areas such
as precision therapeutics, smart proteins, and climate-resilient agriculture.
¨
It also fosters
innovation in bio-based chemicals and carbon capture technologies.
¨ A Research, Development, and Innovation Fund amounting to ₹1 lakh crore has been established to facilitate the scaling up and commercialization of biotech innovations.
¨ India's bioeconomy contributes approximately 5% to the country's GDP.
