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India's bioeconomy skyrockets to over USD 130 bn in 2024, projections to reach USD 300 bn by 2030: Jitendra Singh

By Economic Times - 3 months ago
India's economy has grown significantly, reaching USD 130 billion in 2024 from USD 10 billion in 2014, with predictions to hit USD 300 billion by 2030. Union Minister Dr. Jitendra Singh highlighted the BioE3 policy's launch, emphasizing its impact on food, energy, and health sectors. The policy promotes high-performance biomanufacturing and aligns with national initiatives. Public-Private Partnerships will drive its implementation, enhancing India's biotech industry and fostering green growth.

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