Resurgent Bioeconomy Adds Value To India’s GDP

New Delhi: India’s bioeconomy has experienced significant growth, reaching a valuation of $151 billion by the end of 2023, according to a new report, which said that the surge highlights the bioeconomy’s critical role in national development, contributing 4.25 per cent to the country’s GDP and positioning India among the top-5 global bioeconomies.

The report, prepared by the BIRAC and the ABLE, outlines transformative advances.