India BioEconomy Report 2025

News-The India BioEconomy Report 2025 has estimated India’s bioeconomy to be valued at over $165 billion, contributing more than 4.2% of the country’s GDP. India BioEconomy Report 2025.

About India BioEconomy Report

It is an annual publication by the Department of Biotechnology and BIRAC that tracks the growth and performance of India’s bioeconomy

• The bioeconomy involves the industrial utilization of biological resources (plants, animals, and microorganisms) and the replication of natural biological processes to develop goods and services.
• It promotes sustainable alternatives to traditional, resource-intensive production systems

Applications of Bioeconomy

• Biofuels, bioplastics, medicines, synthetic biology, and agriculture are key areas where bioeconomy is making an impact.
  • Example: India’s COVID-19 vaccines (Covaxin, Covovax) developed using bioeconomy principles.
  • Example: Ethanol produced by microorganisms from crops like sugarcane and corn is a prime illustration of bioeconomy’s role in reducing dependency on hydrocarbon-based fuels.

Key Findings of the India BioEconomy Report

Market Growth:

• India’s bioeconomy has almost doubled from $86 billion in 2020 to $165 billion in 2024.
• The number of companies in the bioeconomy sector has increased by 90%, from 5,365 in 2021 to 10,075 in 2024, with expectations to double again by 2030.

Sectoral Contributions:

• Industrial Sector: $78 billion—driven by biofuels and bioplastics.
• Pharmaceuticals: 35% of total bioeconomy value, largely led by vaccines.
• Research & IT: The fastest-growing segment, particularly in biotech software development and clinical trials.

Regional Contribution:

• Maharashtra, Karnataka, Telangana, Gujarat, and Andhra Pradesh contribute over two-thirds of India’s bioeconomy value.
• The Eastern and Northeastern regions account for less than 6%.

Global Comparison:

• India’s bioeconomy-to-GDP share (4.2%) is comparable to the US and China.
• However, countries like Spain and Italy have bioeconomy contributing over 20% of their GDP.

Policy Initiatives:

• The BioE3 Policy (Biotechnology for Economy, Environment, and Employment), introduced in 2024, aims to position India as a global bio-manufacturing hub and a leading biotech R&D center.
  • The policy focuses on advancing bio-based chemicals, functional foods, precision biotherapeutics, marine & space biotechnology, and climate-resilient agriculture.
• National Bioeconomy Mission (Proposed): Suggested in the report to coordinate policy and funding under one umbrella