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( As on 19/03/2026 19:19)

India’s bioeconomy grows to USD 195 billion, records 17–18% annual growth

India’s bioeconomy has witnessed a sharp expansion from around USD 10 billion in 2014 to over USD 195 billion in 2025, registering a strong growth trajectory over the past decade, Union Minister Dr Jitendra Singh said.

The sector recorded an annual growth of 17–18% in the last year, increasing from nearly USD 165 billion to USD 195 billion, reflecting India’s emergence as a key global biotechnology hub.

Speaking at the 14th Foundation Day of BIRAC, the minister highlighted the growing role of biotechnology in driving advancements across healthcare, agriculture, climate solutions, and sustainable manufacturing. He also reiterated India’s target of achieving a USD 300 billion bioeconomy by 2030.

He emphasised the importance of policy initiatives such as the BioE3 Policy, aimed at boosting bio-based industries and innovation in areas like precision therapeutics, smart proteins, and climate-resilient agriculture.

The India Bioeconomy Report 2026 noted that the sector contributes around 4.8% to GDP and is supported by over 11,800 biotech startups, underscoring its role in innovation, job creation, and economic growth.