New Delhi, March 31 (IANS) India’s bioeconomy is approaching the $200 billion mark, which is a significant milestone in its evolution with a strong policy push and growing innovation pipeline signalling the next phase of growth, according to a report released on Tuesday.The report by Endiya Partners said that the nation’s bioeconomy has expanded sharply from around $10 billion in 2014 to over $195 billion in 2026, now contributing nearly 5 per cent to the GDP.India, long recognised as the ‘P…
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New Delhi, March 19 (IANS) Union Minister Dr Jitendra Singh on Thursday said that India’s bioeconomy has expanded significantly to over $195 billion in 2025, from around $10 billion in 2014.Addressing the 14th Foundation Day of the Biotechnology Industry Research Assistance Council (BIRAC) here, the minister said the sector has witnessed strong growth, registering an annual expansion of around 17-18 per cent in the past year alone.He noted that biotechnology is emerging as a key pillar of Indi…