New Delhi: India bioeconomy growth reached $195 billion in 2025, with the sector expanding rapidly over the past decade, Union Minister Jitendra Singh said.
Speaking at the 14th Foundation Day of BIRAC in New Delhi, the Minister said the bioeconomy grew from $10 billion in 2014. He added that it recorded an annual growth of 17–18% in the last year alone.
The Minister said the sector is becoming central to India’s economic expansion. As a result, it is driving progress in healthcare, agriculture, climate solutions and manufacturing.
He stated that India is moving towards a $300 billion bioeconomy target by 2030. Moreover, a strong base of startups, scientists and entrepreneurs is supporting this growth.
According to official data, the bioeconomy now contributes nearly 5% to India’s GDP. In addition, the sector has more than 11,800 startups across the country.
India bioeconomy growth driven by policy and innovation push
Meanwhile, the Minister highlighted the BioE3 policy aimed at boosting sustainable biomanufacturing. The policy focuses on areas such as smart proteins, climate-resilient agriculture and bio-based chemicals.
He also referred to the Research, Development and Innovation Fund with an outlay of Rs 1 lakh crore. Therefore, the initiative is expected to support scale-up of biotechnology ventures.
Officials said BIRAC plays a key role in linking research with industry. It also supports infrastructure such as bio foundries and advanced manufacturing platforms.
The India Bioeconomy Report 2026 noted that the sector has more than doubled since 2020. Furthermore, it continues to generate jobs and expand industrial output.
The Minister emphasised the need to support young talent, especially from tier-2 and tier-3 cities. He added that collaboration between industry, academia and policymakers will drive future growth.
