RT team
India’s bio-economy has experienced an extraordinary 16-fold expansion over the past decade, growing from $10 billion in 2014 to an impressive $165.7 billion in 2024. Union Minister Jitendra Singh shared this milestone while unveiling the “India Bioeconomy Report 2025” (IBER 2025) during the BIRAC Foundation Day ceremony at the National Media Centre.
This remarkable growth underscores the government’s unwavering focus on biotechnology as a critical driver of India’s economic future. Singh highlighted that the sector’s rapid expansion has surpassed the initial target of $150 billion by 2025, cementing India’s position as an emerging global leader in biotechnology.
According to IBER 2025, India’s bio-economy now contributes 4.25% to the nation’s GDP, reflecting the sector’s increasing significance. With a compound annual growth rate (CAGR) of 17.9% over the past four years, the bio-economy has become a shining example of India’s potential to harness innovation and scientific progress for economic advancement.
The report celebrates India’s achievements in biotechnology and its growing global influence. As the bio-economy continues to thrive, it sets a robust foundation for India’s journey towards becoming a biotech powerhouse. This success highlights the nation’s dedication to fostering innovation and leveraging science to propel its economic growth.
