Key takeaways
India’s bioeconomy has grown from $10 billion in 2014 to $165.7 billion in 2024, with a target of $300 billion by 2030.
The sector contributes 4.25% to GDP with a compound annual growth rate (CAGR) of 17.9% over the past four years.
The government aims to make India a global bio-manufacturing hub driven by innovation, sustainability, and inclusive development.
BioE3 promotes regenerative biomanufacturing and supports a circular bioeconomy aligned with India’s net-zero goals.
The National Biopharma Mission, co-funded with the World Bank ($250 million), supports over 100 projects and 30 MSMEs.
India is among the top producers of vaccines globally and developed the world’s first DNA COVID-19 vaccine.
Ethanol blending increased from 1.53% in 2014 to 15% in 2024, with a target of 20% by 2025.
