In India, India’s bioeconomy has undergone a remarkable transformation over the past decade, growing sixteen-fold from $10 billion in 2014 to an impressive $165.7 billion in 2024. This exceptional expansion reflects the nation’s focused efforts to position biotechnology as a cornerstone of sustainable economic growth and innovation. Contributing 4.25% to the national GDP, the sector has demonstrated a robust compound annual growth rate (CAGR) of 17.9% over the past four years, reinforcing India’s emergence as a rising global force in biotechnology. With an ambitious target of $300 billion by 2030, the bioeconomy is poised to play a pivotal role in shaping India’s future as a knowledge-driven, bio-enabled economy.
