India’s bio-economy likely reach $300 billion by 2030
Highlights:
- India’s bio-economy is predicted to reach $150 billion and $300 billion, respectively, by 2025 and 2030.
- The Biotechnology Industry Research Assistance Council (BIRAC) released the India Bio-Economy Report 2022 based on information about the economic contribution of the biotech sector.
- According to the analysis, the nation’s bio-economy reached over USD 80 billion in 2021, representing an increase of 14.1% over USD 70.2 billion in 2020.
- It claimed that India would add USD 80.12 billion to bio-economy in 2021, producing USD 219 million daily.
- India's bio-economy is under the Ministry of science and technology.
Suggested Links
Himachal Pradesh becomes the 1st Indian state to connect all registered commercial vehicles - 23 Jul 22 Dinesh Gunawardena sworn in as the 15th Prime Minister of Sri Lanka - 23 Jul 22 Ookla’s Speedtest Global Index June 2022: India ranks 118 - 23 Jul 22 Sheikh Mohammed Sabah Al Salem named as new Kuwait’s Prime Minister - 22 Jul 22 Union Cabinet approved Merger of BSNL- BBNL - 22 Jul 22