India's Bioeconomy: A Billion-Dollar Boom in Biotechnology
India's bioeconomy has grown dramatically from USD 10 billion in 2014 to an anticipated USD 195 billion in 2025. Union Minister Jitendra Singh emphasized biotechnology's pivotal role in healthcare, agriculture, and sustainable manufacturing. The Biotechnology Industry Research Assistance Council (BIRAC) facilitates this growth by bridging research and industry.
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- India
India’s bioeconomy is on a remarkable growth trajectory, expanding from around USD 10 billion in 2014 to over USD 195 billion projected for 2025, according to Union Minister Jitendra Singh. Speaking at the Biotechnology Industry Research Assistance Council’s (BIRAC) foundation day, Singh noted the sector's 17-18 percent annual growth.
The biotechnology sector's rapid expansion underscores its emerging status as a global hub, influencing advancements in healthcare, agriculture, and climate solutions. Singh highlighted BIRAC's critical role as an enabler of innovation, connecting research with industry to convert lab ideas into market-ready solutions.
Established by the Department of Biotechnology in 2012, BIRAC supports India's biotech enterprises. With the recently approved BioE3 Policy, India aims to further stimulate innovations in precision biotherapeutics, smart proteins, and other cutting-edge biotech areas, fueling economic and environmental advancements.
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