India’s bioeconomy grew from $86B in 2020 to $165B in 2024 and is projected to reach $1T by 2047. Key sectors include biotech, pharma, and biofuels. The BioE3 policy promotes R&D and innovation. Addressing regional disparities, boosting investment, and strengthening regulations will drive sustainable growth and global leadership.
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The India BioEconomy Report released by the Department of Biotechnology, says there is ample opportunity for this sector to grow to about $300 billion by 2030, and to $1 trillion by 2047.
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